IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2022v4p122-136.html
   My bibliography  Save this article

Economic And Financial Analysis During The Life Cycle Of Buildings In The Context Of Sustainable Development

Author

Listed:
  • CARAIMAN ADRIAN-COSMIN

    (POLITEHNICA UNIVERSITY OF TIMISOARA, TIMISOARA, ROMANIA)

Abstract

In the built environment, the sustainability assessment covers the stages of a building’s life cycle, namely: material production, construction, operation, maintenance, demolition and disposal. Taking into account the fact that in the current conditions, in a modern society, without no doubt, a long term perspective is needed, in these conditions the long term assessment takes into account all the stages that lead from raw materials, through production, distribution and use to the final disposal. Life cycle assessment (LCA) and life-cycle analysis (LCCA) instruments do not include the social dimension in sustainability assessment. Because of this limitation, the Social life cycle assessment (SLCA) method has recently emerged as a methodological approach aimed at assessing social aspects throughout the life cycle of a product. Generally speaking, Social Life Cycle Assessment (SLCA) provides a holistic, systemic and rigorous instrument for understanding the social problems that may arise in the value chains of products and services that support human life today. On the other hand, the Life Cycle Cost Analysis (LCCA) introduces an economic dimension to the assessment of material performance by calculating the discounted costs of ownership, operation, repairing/maintenance and disposal over the life cycle of the product.

Suggested Citation

  • Caraiman Adrian-Cosmin, 2022. "Economic And Financial Analysis During The Life Cycle Of Buildings In The Context Of Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 122-136, August.
    • Handle: RePEc:cbu:jrnlec:y:2022:v:4:p:122-136
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2022-04/14_Caraiman1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sherif, Yosef S & Kolarik, William J, 1981. "Life cycle costing: Concept and practice," Omega, Elsevier, vol. 9(3), pages 287-296.
    2. Sharma, Aashish & Saxena, Abhishek & Sethi, Muneesh & Shree, Venu & Varun, 2011. "Life cycle assessment of buildings: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 871-875, January.
    3. Zhao, Dong-Xue & He, Bao-Jie & Johnson, Christine & Mou, Ben, 2015. "Social problems of green buildings: From the humanistic needs to social acceptance," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1594-1609.
    4. Jonggeon Lee & Sungho Tae & Rakhyun Kim, 2018. "A Study on the Analysis of CO 2 Emissions of Apartment Housing in the Construction Process," Sustainability, MDPI, vol. 10(2), pages 1-16, January.
    5. Chau, C.K. & Leung, T.M. & Ng, W.Y., 2015. "A review on Life Cycle Assessment, Life Cycle Energy Assessment and Life Cycle Carbon Emissions Assessment on buildings," Applied Energy, Elsevier, vol. 143(C), pages 395-413.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sierra-Pérez, Jorge & Rodríguez-Soria, Beatriz & Boschmonart-Rives, Jesús & Gabarrell, Xavier, 2018. "Integrated life cycle assessment and thermodynamic simulation of a public building’s envelope renovation: Conventional vs. Passivhaus proposal," Applied Energy, Elsevier, vol. 212(C), pages 1510-1521.
    2. Mastrucci, Alessio & Marvuglia, Antonino & Leopold, Ulrich & Benetto, Enrico, 2017. "Life Cycle Assessment of building stocks from urban to transnational scales: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 316-332.
    3. Belen Moreno Santamaria & Fernando del Ama Gonzalo & Matthew Griffin & Benito Lauret Aguirregabiria & Juan A. Hernandez Ramos, 2021. "Life Cycle Assessment of Dynamic Water Flow Glazing Envelopes: A Case Study with Real Test Facilities," Energies, MDPI, vol. 14(8), pages 1-17, April.
    4. Wang, Tao & Seo, Seongwon & Liao, Pin-Chao & Fang, Dongping, 2016. "GHG emission reduction performance of state-of-the-art green buildings: Review of two case studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 484-493.
    5. Seunguk Na & Inkwan Paik, 2019. "Reducing Greenhouse Gas Emissions and Costs with the Alternative Structural System for Slab: A Comparative Analysis of South Korea Cases," Sustainability, MDPI, vol. 11(19), pages 1-19, September.
    6. Kun Lu & Xiaoyan Jiang & Vivian W. Y. Tam & Mengyun Li & Hongyu Wang & Bo Xia & Qing Chen, 2019. "Development of a Carbon Emissions Analysis Framework Using Building Information Modeling and Life Cycle Assessment for the Construction of Hospital Projects," Sustainability, MDPI, vol. 11(22), pages 1-18, November.
    7. Echarri-Iribarren, Victor & Echarri-Iribarren, Fernando & Rizo-Maestre, Carlos, 2019. "Ceramic panels versus aluminium in buildings: Energy consumption and environmental impact assessment with a new methodology," Applied Energy, Elsevier, vol. 233, pages 959-974.
    8. Jozef Švajlenka & Mária Kozlovská, 2021. "Factors Influencing the Sustainability of Wood-Based Constructions’ Use from the Perspective of Users," Sustainability, MDPI, vol. 13(23), pages 1-16, November.
    9. Zhang, Chunbo & Hu, Mingming & Laclau, Benjamin & Garnesson, Thomas & Yang, Xining & Tukker, Arnold, 2021. "Energy-carbon-investment payback analysis of prefabricated envelope-cladding system for building energy renovation: Cases in Spain, the Netherlands, and Sweden," Renewable and Sustainable Energy Reviews, Elsevier, vol. 145(C).
    10. Leslie Ayagapin & Jean Philippe Praene, 2020. "Environmental Overcost of Single Family Houses in Insular Context: A Comparative LCA Study of Reunion Island and France," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
    11. Pan, Wei & Li, Kaijian & Teng, Yue, 2018. "Rethinking system boundaries of the life cycle carbon emissions of buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 90(C), pages 379-390.
    12. Petrovic, Bojana & Myhren, Jonn Are & Zhang, Xingxing & Wallhagen, Marita & Eriksson, Ola, 2019. "Life cycle assessment of a wooden single-family house in Sweden," Applied Energy, Elsevier, vol. 251(C), pages 1-1.
    13. Fang, Zigeng & Yan, Jiayi & Lu, Qiuchen & Chen, Long & Yang, Pu & Tang, Junqing & Jiang, Feng & Broyd, Tim & Hong, Jingke, 2023. "A systematic literature review of carbon footprint decision-making approaches for infrastructure and building projects," Applied Energy, Elsevier, vol. 335(C).
    14. Martínez-Rocamora, A. & Solís-Guzmán, J. & Marrero, M., 2016. "LCA databases focused on construction materials: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 565-573.
    15. Stephan, André & Stephan, Laurent, 2016. "Life cycle energy and cost analysis of embodied, operational and user-transport energy reduction measures for residential buildings," Applied Energy, Elsevier, vol. 161(C), pages 445-464.
    16. Fenner, Andriel Evandro & Kibert, Charles Joseph & Woo, Junghoon & Morque, Shirley & Razkenari, Mohamad & Hakim, Hamed & Lu, Xiaoshu, 2018. "The carbon footprint of buildings: A review of methodologies and applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 1142-1152.
    17. Anand, Chirjiv Kaur & Amor, Ben, 2017. "Recent developments, future challenges and new research directions in LCA of buildings: A critical review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 408-416.
    18. Iman Faridmehr & Moncef L. Nehdi & Mehdi Nikoo & Kiyanets A. Valerievich, 2021. "Predicting Embodied Carbon and Cost Effectiveness of Post-Tensioned Slabs Using Novel Hybrid Firefly ANN," Sustainability, MDPI, vol. 13(21), pages 1-30, November.
    19. Walker, Shalika & Labeodan, Timilehin & Boxem, Gert & Maassen, Wim & Zeiler, Wim, 2018. "An assessment methodology of sustainable energy transition scenarios for realizing energy neutral neighborhoods," Applied Energy, Elsevier, vol. 228(C), pages 2346-2360.
    20. Burek, Jasmina & Nutter, Darin W., 2019. "A life cycle assessment-based multi-objective optimization of the purchased, solar, and wind energy for the grocery, perishables, and general merchandise multi-facility distribution center network," Applied Energy, Elsevier, vol. 235(C), pages 1427-1446.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2022:v:4:p:122-136. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.