IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v66y2014icp157-169.html
   My bibliography  Save this article

Decision support model for establishing the optimal energy retrofit strategy for existing multi-family housing complexes

Author

Listed:
  • Hong, Taehoon
  • Koo, Choongwan
  • Kim, Hyunjoong
  • Seon Park, Hyo

Abstract

The number of multi-family housing complexes (MFHCs) over 15yr old in South Korea is expected to exceed 5 million by 2015. Accordingly, the demand for energy retrofit in the deteriorating MFHCs is rapidly increasing. This study aimed to develop a decision support model for establishing the optimal energy retrofit strategy for existing MFHCs. It can provide clear criteria for establishing the carbon emissions reduction target (CERT) and allow efficient budget allocation for conducting the energy retrofit. The CERT for “S” MFHC, one of MFHCs located in Seoul, as a case study, was set at 23.0% (electricity) and 27.9% (gas energy). In the economic and environmental assessment, it was determined that scenario #12 was the optimal scenario (ranked second with regard to NPV40 (net present value at year 40) and third with regard to SIR40 (saving to investment ratio at year 40). The proposed model could be useful for owners, construction managers, or policymakers in charge of establishing energy retrofit strategy for existing MFHCs. It could allow contractors in a competitive bidding process to rationally establish the CERT and select the optimal energy retrofit strategy. It can be also applied to any other country or sector in a global environment.

Suggested Citation

  • Hong, Taehoon & Koo, Choongwan & Kim, Hyunjoong & Seon Park, Hyo, 2014. "Decision support model for establishing the optimal energy retrofit strategy for existing multi-family housing complexes," Energy Policy, Elsevier, vol. 66(C), pages 157-169.
    • Handle: RePEc:eee:enepol:v:66:y:2014:i:c:p:157-169
    DOI: 10.1016/j.enpol.2013.10.057
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S030142151301080X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2013.10.057?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hong, Taehoon & Koo, Choongwan & Kwak, Taehyun, 2013. "Framework for the implementation of a new renewable energy system in an educational facility," Applied Energy, Elsevier, vol. 103(C), pages 539-551.
    2. Gustafsson, S.I. & Bojic, M., 1997. "Optimal heating-system retrofits in residential buildings," Energy, Elsevier, vol. 22(9), pages 867-874.
    3. Golic, K. & Kosoric, V. & Furundzic, A. Krstic, 2011. "General model of solar water heating system integration in residential building refurbishment--Potential energy savings and environmental impact," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(3), pages 1533-1544, April.
    4. Tae, Sungho & Shin, Sungwoo, 2009. "Current work and future trends for sustainable buildings in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(8), pages 1910-1921, October.
    5. Ubertini, Stefano & Desideri, Umberto, 2003. "Performance estimation and experimental measurements of a photovoltaic roof," Renewable Energy, Elsevier, vol. 28(12), pages 1833-1850.
    6. Brecha, R.J. & Mitchell, A. & Hallinan, K. & Kissock, K., 2011. "Prioritizing investment in residential energy efficiency and renewable energy--A case study for the U.S. Midwest," Energy Policy, Elsevier, vol. 39(5), pages 2982-2992, May.
    7. Chicco, Gianfranco & Stephenson, Paule M., 2012. "Effectiveness of setting cumulative carbon dioxide emissions reduction targets," Energy, Elsevier, vol. 42(1), pages 19-31.
    8. Kwak, So-Yoon & Yoo, Seung-Hoon & Kwak, Seung-Jun, 2010. "Valuing energy-saving measures in residential buildings: A choice experiment study," Energy Policy, Elsevier, vol. 38(1), pages 673-677, January.
    9. Ouyang, Jinlong & Ge, Jian & Hokao, Kazunori, 2009. "Economic analysis of energy-saving renovation measures for urban existing residential buildings in China based on thermal simulation and site investigation," Energy Policy, Elsevier, vol. 37(1), pages 140-149, January.
    10. Wan, K. S. Y. & Yik, F. W. H., 2004. "Building design and energy end-use characteristics of high-rise residential buildings in Hong Kong," Applied Energy, Elsevier, vol. 78(1), pages 19-36, May.
    11. Baek, Cheonghoon & Park, Sanghoon, 2012. "Policy measures to overcome barriers to energy renovation of existing buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 3939-3947.
    12. Wang, Huajun & Qi, Chengying & Wang, Enyu & Zhao, Jun, 2009. "A case study of underground thermal storage in a solar-ground coupled heat pump system for residential buildings," Renewable Energy, Elsevier, vol. 34(1), pages 307-314.
    13. Bianchi, Michele & Ferrari, Claudio & Melino, Francesco & Peretto, Antonio, 2012. "Feasibility study of a Thermo-Photo-Voltaic system for CHP application in residential buildings," Applied Energy, Elsevier, vol. 97(C), pages 704-713.
    14. Wang, Run & Liu, Wenjuan & Xiao, Lishan & Liu, Jian & Kao, William, 2011. "Path towards achieving of China's 2020 carbon emission reduction target--A discussion of low-carbon energy policies at province level," Energy Policy, Elsevier, vol. 39(5), pages 2740-2747, May.
    15. Amstalden, Roger W. & Kost, Michael & Nathani, Carsten & Imboden, Dieter M., 2007. "Economic potential of energy-efficient retrofitting in the Swiss residential building sector: The effects of policy instruments and energy price expectations," Energy Policy, Elsevier, vol. 35(3), pages 1819-1829, March.
    16. Lam, Joseph C. & Tsang, C.L. & Li, Danny H.W. & Cheung, S.O., 2005. "Residential building envelope heat gain and cooling energy requirements," Energy, Elsevier, vol. 30(7), pages 933-951.
    17. Sumper, Andreas & Robledo-García, Mercedes & Villafáfila-Robles, Roberto & Bergas-Jané, Joan & Andrés-Peiró, Juan, 2011. "Life-cycle assessment of a photovoltaic system in Catalonia (Spain)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3888-3896.
    18. Sadineni, Suresh B. & France, Todd M. & Boehm, Robert F., 2011. "Economic feasibility of energy efficiency measures in residential buildings," Renewable Energy, Elsevier, vol. 36(11), pages 2925-2931.
    19. Kaldellis, J.K. & Zafirakis, D. & Kondili, E., 2010. "Energy pay-back period analysis of stand-alone photovoltaic systems," Renewable Energy, Elsevier, vol. 35(7), pages 1444-1454.
    20. Raugei, Marco & Frankl, Paolo, 2009. "Life cycle impacts and costs of photovoltaic systems: Current state of the art and future outlooks," Energy, Elsevier, vol. 34(3), pages 392-399.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hong, Taehoon & Kim, Daeho & Koo, Choongwan & Kim, Jimin, 2014. "Framework for establishing the optimal implementation strategy of a fuel-cell-based combined heat and power system: Focused on multi-family housing complex," Applied Energy, Elsevier, vol. 127(C), pages 11-24.
    2. Koo, Choongwan & Kim, Hyunjoong & Hong, Taehoon, 2014. "Framework for the analysis of the low-carbon scenario 2020 to achieve the national carbon Emissions reduction target: Focused on educational facilities," Energy Policy, Elsevier, vol. 73(C), pages 356-367.
    3. Becchio, Cristina & Bottero, Marta Carla & Corgnati, Stefano Paolo & Dell’Anna, Federico, 2018. "Decision making for sustainable urban energy planning: an integrated evaluation framework of alternative solutions for a NZED (Net Zero-Energy District) in Turin," Land Use Policy, Elsevier, vol. 78(C), pages 803-817.
    4. Seo, Dong-yeon & Koo, Choongwan & Hong, Taehoon, 2015. "A Lagrangian finite element model for estimating the heating and cooling demand of a residential building with a different envelope design," Applied Energy, Elsevier, vol. 142(C), pages 66-79.
    5. Koo, Choongwan & Hong, Taehoon, 2015. "Development of a dynamic operational rating system in energy performance certificates for existing buildings: Geostatistical approach and data-mining technique," Applied Energy, Elsevier, vol. 154(C), pages 254-270.
    6. Jeong, Jaewook & Hong, Taehoon & Ji, Changyoon & Kim, Jimin & Lee, Minhyun & Jeong, Kwangbok & Koo, Choongwan, 2017. "Improvements of the operational rating system for existing residential buildings," Applied Energy, Elsevier, vol. 193(C), pages 112-124.
    7. Koo, Choongwan & Hong, Taehoon & Lee, Minhyun & Seon Park, Hyo, 2014. "Development of a new energy efficiency rating system for existing residential buildings," Energy Policy, Elsevier, vol. 68(C), pages 218-231.
    8. Murto, Pekka & Jalas, Mikko & Juntunen, Jouni & Hyysalo, Sampsa, 2019. "The difficult process of adopting a comprehensive energy retrofit in housing companies: Barriers posed by nascent markets and complicated calculability," Energy Policy, Elsevier, vol. 132(C), pages 955-964.
    9. Hong, Taehoon & Lee, Minhyun & Koo, Choongwan & Jeong, Kwangbok & Kim, Jimin, 2017. "Development of a method for estimating the rooftop solar photovoltaic (PV) potential by analyzing the available rooftop area using Hillshade analysis," Applied Energy, Elsevier, vol. 194(C), pages 320-332.
    10. Kim, Jimin & Hong, Taehoon & Jeong, Jaemin & Koo, Choongwan & Jeong, Kwangbok, 2016. "An optimization model for selecting the optimal green systems by considering the thermal comfort and energy consumption," Applied Energy, Elsevier, vol. 169(C), pages 682-695.
    11. Koo, Choongwan & Hong, Taehoon & Kim, Jimin & Kim, Hyunjoong, 2015. "An integrated multi-objective optimization model for establishing the low-carbon scenario 2020 to achieve the national carbon emissions reduction target for residential buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 410-425.
    12. Fabrizio M. Amoruso & Min-Hee Sonn & Soyeon Chu & Thorsten Schuetze, 2021. "Sustainable Building Legislation and Incentives in Korea: A Case-Study-Based Comparison of Building New and Renovation," Sustainability, MDPI, vol. 13(9), pages 1-41, April.
    13. Kim, Jimin & Hong, Taehoon & Jeong, Jaemin & Lee, Myeonghwi & Koo, Choongwan & Lee, Minhyun & Ji, Changyoon & Jeong, Jaewook, 2016. "An integrated multi-objective optimization model for determining the optimal solution in the solar thermal energy system," Energy, Elsevier, vol. 102(C), pages 416-426.
    14. Jeong, Jaewook & Hong, Taehoon & Ji, Changyoon & Kim, Jimin & Lee, Minhyun & Jeong, Kwangbok & Koo, Choongwan, 2017. "Development of a prediction model for the cost saving potentials in implementing the building energy efficiency rating certification," Applied Energy, Elsevier, vol. 189(C), pages 257-270.
    15. Murto, P. & Jalas, M. & Juntunen, J. & Hyysalo, S., 2019. "Devices and strategies: An analysis of managing complexity in energy retrofit projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 114(C), pages 1-1.
    16. Lee, Minhyun & Hong, Taehoon & Yoo, Hyunji & Koo, Choongwan & Kim, Jimin & Jeong, Kwangbok & Jeong, Jaewook & Ji, Changyoon, 2017. "Establishment of a base price for the Solar Renewable Energy Credit (SREC) from the perspective of residents and state governments in the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 1066-1080.
    17. Ofosu-Adarkwa, Jeffrey & Xie, Naiming & Javed, Saad Ahmed, 2020. "Forecasting CO2 emissions of China's cement industry using a hybrid Verhulst-GM(1,N) model and emissions' technical conversion," Renewable and Sustainable Energy Reviews, Elsevier, vol. 130(C).

    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. Hong, Taehoon & Koo, Choongwan & Kwak, Taehyun & Park, Hyo Seon, 2014. "An economic and environmental assessment for selecting the optimum new renewable energy system for educational facility," Renewable and Sustainable Energy Reviews, Elsevier, vol. 29(C), pages 286-300.
    2. Seo, Dong-yeon & Koo, Choongwan & Hong, Taehoon, 2015. "A Lagrangian finite element model for estimating the heating and cooling demand of a residential building with a different envelope design," Applied Energy, Elsevier, vol. 142(C), pages 66-79.
    3. Koo, Choongwan & Kim, Hyunjoong & Hong, Taehoon, 2014. "Framework for the analysis of the low-carbon scenario 2020 to achieve the national carbon Emissions reduction target: Focused on educational facilities," Energy Policy, Elsevier, vol. 73(C), pages 356-367.
    4. Koo, Choongwan & Park, Sungki & Hong, Taehoon & Park, Hyo Seon, 2014. "An estimation model for the heating and cooling demand of a residential building with a different envelope design using the finite element method," Applied Energy, Elsevier, vol. 115(C), pages 205-215.
    5. Koo, Choongwan & Hong, Taehoon & Kim, Jimin & Kim, Hyunjoong, 2015. "An integrated multi-objective optimization model for establishing the low-carbon scenario 2020 to achieve the national carbon emissions reduction target for residential buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 410-425.
    6. Wang, Xiaotong & Lu, Meijun & Mao, Wei & Ouyang, Jinlong & Zhou, Bo & Yang, Yunkai, 2015. "Improving benefit-cost analysis to overcome financing difficulties in promoting energy-efficient renovation of existing residential buildings in China," Applied Energy, Elsevier, vol. 141(C), pages 119-130.
    7. Byung Chang Kwag & Sanghee Han & Gil Tae Kim & Beobjeon Kim & Jong Yeob Kim, 2020. "Analysis of the Effects of Strengthening Building Energy Policy on Multifamily Residential Buildings in South Korea," Sustainability, MDPI, vol. 12(9), pages 1-20, April.
    8. Friege, Jonas & Chappin, Emile, 2014. "Modelling decisions on energy-efficient renovations: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 196-208.
    9. Chan-Joong Kim & Taehoon Hong & Jimin Kim & Daeho Kim & Dong-yeon Seo, 2015. "A Process for the Implementation of New Renewable Energy Systems in a Building by Considering Environmental and Economic Effect," Sustainability, MDPI, vol. 7(9), pages 1-21, September.
    10. Fabrizio M. Amoruso & Min-Hee Sonn & Soyeon Chu & Thorsten Schuetze, 2021. "Sustainable Building Legislation and Incentives in Korea: A Case-Study-Based Comparison of Building New and Renovation," Sustainability, MDPI, vol. 13(9), pages 1-41, April.
    11. Gerbinet, Saïcha & Belboom, Sandra & Léonard, Angélique, 2014. "Life Cycle Analysis (LCA) of photovoltaic panels: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 747-753.
    12. Sadineni, Suresh B. & Madala, Srikanth & Boehm, Robert F., 2011. "Passive building energy savings: A review of building envelope components," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3617-3631.
    13. DeBlois, Justin C. & Bilec, Melissa M. & Schaefer, Laura A., 2013. "Design and zonal building energy modeling of a roof integrated solar chimney," Renewable Energy, Elsevier, vol. 52(C), pages 241-250.
    14. Ballarini, Ilaria & Corgnati, Stefano Paolo & Corrado, Vincenzo, 2014. "Use of reference buildings to assess the energy saving potentials of the residential building stock: The experience of TABULA project," Energy Policy, Elsevier, vol. 68(C), pages 273-284.
    15. Ma, Zhenjun & Wang, Shengwei, 2009. "Building energy research in Hong Kong: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(8), pages 1870-1883, October.
    16. Hong, Taehoon & Koo, Choongwan & Kim, Daeho & Lee, Minhyun & Kim, Jimin, 2015. "An estimation methodology for the dynamic operational rating of a new residential building using the advanced case-based reasoning and stochastic approaches," Applied Energy, Elsevier, vol. 150(C), pages 308-322.
    17. Muath Bani Salim & Dervis Emre Demirocak & Nael Barakat, 2018. "A Fuzzy Based Model for Standardized Sustainability Assessment of Photovoltaic Cells," Sustainability, MDPI, vol. 10(12), pages 1-15, December.
    18. Phillips, Yvonne, 2012. "Landlords versus tenants: Information asymmetry and mismatched preferences for home energy efficiency," Energy Policy, Elsevier, vol. 45(C), pages 112-121.
    19. Cherif, Habib & Champenois, Gérard & Belhadj, Jamel, 2016. "Environmental life cycle analysis of a water pumping and desalination process powered by intermittent renewable energy sources," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1504-1513.
    20. Cucchiella, Federica & D'Adamo, Idiano, 2012. "Estimation of the energetic and environmental impacts of a roof-mounted building-integrated photovoltaic systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5245-5259.

    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:eee:enepol:v:66:y:2014:i:c:p:157-169. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    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.