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An Integrated Procedure for Ex-Ante Evaluations of Refurbishment Costs in Healthcare Facilities

Author

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  • Raul Berto

    (Department of Engineering and Architecture, University of Trieste, 34127 Trieste, Italy)

  • Carlo Antonio Stival

    (Department of Engineering and Architecture, University of Trieste, 34127 Trieste, Italy)

  • Paolo Rosato

    (Department of Engineering and Architecture, University of Trieste, 34127 Trieste, Italy)

Abstract

This paper focuses on the valuation of refurbishment costs for healthcare facilities. The determination of the more reliable approach for experimental verification is a research topic of great interest, especially because previous literature on the matter is limited. This study examines ex-ante cost valuations in the refurbishment of healthcare buildings while using similarity to estimate the costs that are based on the amount of already accomplished renovations. The methodology involved a desk analysis deter-mining the technical valuation of intervention needs, and similarity coefficient applications providing a refurbishment cost valuation. The application was conducted in the Friuli—Venezia Giulia Region in Italy, where hospitals show structural, layout, and plants deficits with respect to current regulations, and a technical deepening to identify critical issues is required to prepare a multi-year intervention plan. The case study results showed that this procedure requires little initial information to run analyses and its application can support investment budget planning purposes.

Suggested Citation

  • Raul Berto & Carlo Antonio Stival & Paolo Rosato, 2020. "An Integrated Procedure for Ex-Ante Evaluations of Refurbishment Costs in Healthcare Facilities," Sustainability, MDPI, vol. 12(18), pages 1-29, September.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:18:p:7387-:d:410898
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    References listed on IDEAS

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    1. Sarel Lavy & John A. Garcia & Phil Scinto & Manish K. Dixit, 2014. "Key performance indicators for facility performance assessment: simulation of core indicators," Construction Management and Economics, Taylor & Francis Journals, vol. 32(12), pages 1183-1204, December.
    2. Hans R. Isakson, 1986. "The Nearest Neighbors Appraisal Technique: An Alternative to the Adjustment Grid Methods," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 14(2), pages 274-286, June.
    3. Pierluigi Morano & Francesco Tajani & Felicia Di Liddo & Debora Anelli, 2020. "A Feasibility Analysis of The Refurbishment Investments in The Italian Residential Market," Sustainability, MDPI, vol. 12(6), pages 1-20, March.
    4. Paolo Rosato & Anna Alberini & Valentina Zanatta & Margaretha Breil, 2010. "Redeveloping derelict and underused historic city areas: evidence from a survey of real estate developers," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 53(2), pages 257-281.
    5. Francesco Tajani & Pierluigi Morano & Francesca Salvo & Manuela De Ruggiero, 2019. "Property valuation: the market approach optimised by a weighted appraisal model," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 38(5), pages 399-418, September.
    6. Jevons, William Stanley, 1871. "The Theory of Political Economy," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number jevons1871.
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