IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i7p1843-d217571.html
   My bibliography  Save this article

Probabilistic Maintenance Cost Analysis for Aged Multi-Family Housing

Author

Listed:
  • Moonsun Park

    (Department of Architectural Engineering, Hanyang University, Ansan 15588, Korea)

  • Nahyun Kwon

    (Department of Architectural Engineering, Hanyang University, Ansan 15588, Korea)

  • Joosung Lee

    (Department of Architectural Engineering, Hanyang University, Ansan 15588, Korea)

  • Sanghyo Lee

    (Division of Architecture and Civil Engineering, Kangwon National University, Samcheok 25913, Korea)

  • Yonghan Ahn

    (Department of Architectural Engineering, Hanyang University, Ansan 15588, Korea)

Abstract

To realize sustainable construction, planning for future maintenance costs is essential. In the case of multi-family housing, various maintenance issues can be expected to appear starting 10 years after completion. Therefore, preventive maintenance must be implemented in a systematic manner to cope with the problems caused by the natural aging of multi-family dwellings and to maintain a sustainable level of quality for the properties. In this study, maintenance costs were investigated for 224 multi-family housing units aged 20 years or older in Seoul, South Korea. Using Monte Carlo simulation in conjunction with expert interviews, a probabilistic maintenance cost analysis was conducted to analyze and estimate the variability in maintenance costs. The findings of the study propose that the use of probabilistic maintenance cost analysis can be developed into a useful planning tool for determining reasonable future maintenance costs in sustainable construction.

Suggested Citation

  • Moonsun Park & Nahyun Kwon & Joosung Lee & Sanghyo Lee & Yonghan Ahn, 2019. "Probabilistic Maintenance Cost Analysis for Aged Multi-Family Housing," Sustainability, MDPI, vol. 11(7), pages 1-13, March.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:7:p:1843-:d:217571
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/7/1843/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/11/7/1843/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hyung-Min Lee & Han-Seung Lee & Sang-ho Min & Seungmin Lim & Jitendra Kumar Singh, 2018. "Carbonation-Induced Corrosion Initiation Probability of Rebars in Concrete With/Without Finishing Materials," Sustainability, MDPI, vol. 10(10), pages 1-15, October.
    2. Sanghyo Lee & Yonghan Ahn, 2018. "Analyzing the Long-Term Service Life of MEP Using the Probabilistic Approach in Residential Buildings," Sustainability, MDPI, vol. 10(10), pages 1-15, October.
    3. Soyeon Park & Yonghan Ahn & Sanghyo Lee, 2018. "Analyzing the Finishing Works Service Life Pattern of Public Housing in South Korea by Probabilistic Approach," Sustainability, MDPI, vol. 10(12), pages 1-15, November.
    4. Francesco Tajani & Pierluigi Morano, 2017. "Evaluation of vacant and redundant public properties and risk control," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 35(1), pages 75-100, February.
    5. Goodman, Jack, 2004. "Determinants of operating costs of multifamily rental housing," Journal of Housing Economics, Elsevier, vol. 13(3), pages 226-244, September.
    6. I. M. Shohet & M. Puterman & E. Gilboa, 2002. "Deterioration patterns of building cladding components for maintenance management," Construction Management and Economics, Taylor & Francis Journals, vol. 20(4), pages 305-314.
    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. Nahyun Kwon & Kwonsik Song & Moonseo Park & Youjin Jang & Inseok Yoon & Yonghan Ahn, 2019. "Preliminary Service Life Estimation Model for MEP Components Using Case-Based Reasoning and Genetic Algorithm," Sustainability, MDPI, vol. 11(11), pages 1-17, May.

    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. Sojin Park & Nahyun Kwon & Yonghan Ahn, 2019. "Forecasting Repair Schedule for Building Components Based on Case-Based Reasoning and Fuzzy-AHP," Sustainability, MDPI, vol. 11(24), pages 1-17, December.
    2. Nahyun Kwon & Kwonsik Song & Moonseo Park & Youjin Jang & Inseok Yoon & Yonghan Ahn, 2019. "Preliminary Service Life Estimation Model for MEP Components Using Case-Based Reasoning and Genetic Algorithm," Sustainability, MDPI, vol. 11(11), pages 1-17, May.
    3. Youngduk Cho & Sanghyo Lee & Joosung Lee & Jaejun Kim, 2021. "Analysis of the Repair Time of Finishing Works Using a Probabilistic Approach for Efficient Residential Buildings Maintenance Strategies," Sustainability, MDPI, vol. 13(22), pages 1-17, November.
    4. Yong-Sik Yoon & Yong-Han Ahn & Xiao-Yong Wang & Seung-Jun Kwon, 2021. "Total Repair Cost Simulation Considering Multiple Probabilistic Measures and Service Life," Sustainability, MDPI, vol. 13(4), pages 1-15, February.
    5. Kwonsik Song & Yonghan Ahn & Joseph Ahn & Nahyun Kwon, 2019. "Development of an Energy Saving Strategy Model for Retrofitting Existing Buildings: A Korean Case Study," Energies, MDPI, vol. 12(9), pages 1-17, April.
    6. Sanghyo Lee & Yonghan Ahn, 2018. "Analyzing the Long-Term Service Life of MEP Using the Probabilistic Approach in Residential Buildings," Sustainability, MDPI, vol. 10(10), pages 1-15, October.
    7. Randal Verbrugge & Alan Dorfman & William Johnson & Fred Marsh III & Robert Poole & Owen Shoemaker, 2017. "Determinants of Differential Rent Changes: Mean Reversion versus the Usual Suspects," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 45(3), pages 591-627, July.
    8. Igal Shohet & Monica Paciuk, 2006. "Service life prediction of exterior cladding components under failure conditions," Construction Management and Economics, Taylor & Francis Journals, vol. 24(2), pages 131-148.
    9. Chenxing Cui & Li Song & Jinliang Liu & Zhiwu Yu, 2021. "Corrosion-Fatigue Life Prediction Modeling for RC Structures under Coupled Carbonation and Repeated Loading," Mathematics, MDPI, vol. 9(24), pages 1-18, December.
    10. Xinxing Yuan & Fernando Moreu & Maryam Hojati, 2021. "Cost-Effective Inspection of Rebar Spacing and Clearance Using RGB-D Sensors," Sustainability, MDPI, vol. 13(22), pages 1-17, November.
    11. Elena Fregonara & Diego Giuseppe Ferrando & Sara Pattono, 2018. "Economic–Environmental Sustainability in Building Projects: Introducing Risk and Uncertainty in LCCE and LCCA," Sustainability, MDPI, vol. 10(6), pages 1-21, June.
    12. Fabrizio Battisti & Maria Rosaria Guarini & Anthea Chiovitti, 2017. "The Assessment of Real Estate Initiatives to Be Included in the Socially-Responsible Funds," Sustainability, MDPI, vol. 9(6), pages 1-19, June.
    13. Tajani, Francesco & Morano, Pierluigi & Di Liddo, Felicia, 2020. "The optimal combinations of the eligible functions in multiple property assets enhancement," Land Use Policy, Elsevier, vol. 99(C).
    14. Morano, Pierluigi & Tajani, Francesco, 2018. "Saving soil and financial feasibility. A model to support public-private partnerships in the regeneration of abandoned areas," Land Use Policy, Elsevier, vol. 73(C), pages 40-48.
    15. Carlos Stozek Neto & Marcelo de Mattos Bezerra, 2018. "Financial feasibility studies for the inclusion of sustainable solutions in multifamily housing in Rio de Janeiro," LARES lares_2018_paper_69-neto-, Latin American Real Estate Society (LARES).
    16. Elena Fregonara & Diego Giuseppe Ferrando, 2020. "The Stochastic Annuity Method for Supporting Maintenance Costs Planning and Durability in the Construction Sector: A Simulation on a Building Component," Sustainability, MDPI, vol. 12(7), pages 1-21, April.
    17. Soyeon Park & Yonghan Ahn & Sanghyo Lee, 2018. "Analyzing the Finishing Works Service Life Pattern of Public Housing in South Korea by Probabilistic Approach," Sustainability, MDPI, vol. 10(12), pages 1-15, November.
    18. Chao Jiang & Jing Fang, 2020. "Time-Dependent Reliability-Based Service Life Assessment of RC Bridges Subjected to Carbonation under a Changing Climate," Sustainability, MDPI, vol. 12(3), pages 1-18, February.
    19. Antonio Nesticò & Maria Rosaria Guarini & Pierluigi Morano & Francesco Sica, 2019. "An Economic Analysis Algorithm for Urban Forestry Projects," Sustainability, MDPI, vol. 11(2), pages 1-13, January.

    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:gam:jsusta:v:11:y:2019:i:7:p:1843-:d:217571. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.