IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v9y2017i9p1607-d111422.html
   My bibliography  Save this article

Credit Optimization Algorithm for Calculating LEED Costs

Author

Listed:
  • Jae-Yong Park

    (Graduate School of Civil, Environment and Architectural Engineering, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul 02841, Korea)

  • Sul-Geon Choi

    (Department of Architecture, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul 02841, Korea)

  • Da-Kyung Kim

    (Ecolead Corporation, 329 Hangang-daero, Yongsan-gu, Seoul, 04320, Korea)

  • Min-Chul Jeong

    (Global Loss Control Center, Ph.D., 11th Fl., Samsung Fire & Marine Insurance Co., Ltd., 29 Eulji-ro, Jung-gu, Seoul 04523, Korea)

  • Jung-Sik Kong

    (Faculty of Civil, Environment and Architectural Engineering, Korea University, 145 Anam-ro, Seongbuk-gu 02841, Korea)

Abstract

As environmental and energy issues continue to emerge as global concerns, Leadership in Energy and Environmental Design (LEED) certification is becoming highly valued. However, since additional costs for LEED certification cannot be estimated before proceeding with certification projects, financial losses are often incurred. Additional construction costs are the most significant issue faced by enterprises aiming for LEED certification. Rough estimates of the range of additional construction costs are available, but it is difficult to identify factors that increase or decrease the price of a building. Thus, there is a need for a program that provides average data for LEED certification costs and suggests the easiest way to attain credits for a building. Considering that LEED certification is a rating system, this study develops an optimization algorithm that aims to derive the minimum score for a desired LEED level at minimal cost. Credits are studied and classified by their difficulty and the required cost, allowing for an algorithm that can suggest a customized approach to acquire the minimal required score. The practical, data-driven program developed herein helps shorten the consulting process and increases the accessibility of LEED certification.

Suggested Citation

  • Jae-Yong Park & Sul-Geon Choi & Da-Kyung Kim & Min-Chul Jeong & Jung-Sik Kong, 2017. "Credit Optimization Algorithm for Calculating LEED Costs," Sustainability, MDPI, vol. 9(9), pages 1-19, September.
  • Handle: RePEc:gam:jsusta:v:9:y:2017:i:9:p:1607-:d:111422
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/9/9/1607/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/9/9/1607/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Luay N. Dwaikat & Kherun N. Ali, 2016. "Measuring the Actual Energy Cost Performance of Green Buildings: A Test of the Earned Value Management Approach," Energies, MDPI, vol. 9(3), pages 1-20, March.
    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. Duy Hoang Pham & Byeol Kim & Joosung Lee & Abraham Chiwon Ahn & Yonghan Ahn, 2020. "A Comprehensive Analysis: Sustainable Trends and Awarded LEED 2009 Credits in Vietnam," Sustainability, MDPI, vol. 12(3), pages 1-15, January.
    2. Anh-Duc Pham & Quang Trung Nguyen & Duc Long Luong & Quynh Chau Truong, 2020. "The Development of a Decision Support Model for Eco-Friendly Material Selection in Vietnam," Sustainability, MDPI, vol. 12(7), pages 1-19, April.
    3. Chen-Yi Sun & Yin-Guang Chen & Rong-Jing Wang & Shih-Chi Lo & Jyh-Tyng Yau & Ya-Wen Wu, 2019. "Construction Cost of Green Building Certified Residence: A Case Study in Taiwan," Sustainability, MDPI, vol. 11(8), pages 1-10, April.

    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. Qi-Gan Shao & James J. H. Liou & Sung-Shun Weng & Yen-Ching Chuang, 2018. "Improving the Green Building Evaluation System in China Based on the DANP Method," Sustainability, MDPI, vol. 10(4), pages 1-20, April.
    2. Ángel Gómez-Moreno & Pedro José Casanova-Peláez & José Manuel Palomar-Carnicero & Fernando Cruz-Peragón, 2016. "Modeling and Experimental Validation of a Low-Cost Radiation Sensor Based on the Photovoltaic Effect for Building Applications," Energies, MDPI, vol. 9(11), pages 1-16, November.
    3. Yajing Zhang & Jingfeng Yuan & Lingzhi Li & Hu Cheng, 2019. "Proposing a Value Field Model for Predicting Homebuyers’ Purchasing Behavior of Green Residential Buildings: A Case Study in China," Sustainability, MDPI, vol. 11(23), pages 1-31, December.
    4. Danish Mahmood & Nadeem Javaid & Sheraz Ahmed & Imran Ahmed & Iftikhar Azim Niaz & Wadood Abdul & Sanaa Ghouzali, 2017. "Orchestrating an Effective Formulation to Investigate the Impact of EMSs (Energy Management Systems) for Residential Units Prior to Installation," Energies, MDPI, vol. 10(3), pages 1-25, March.

    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:9:y:2017:i:9:p:1607-:d:111422. 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.