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Correlation for Project Decision Making Process Between Green Building Proposal Evaluation and Life Cycle Costing Applications

In: Proceedings of the 27th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Cuong N. N. Tran

    (University of Economics and Business - Vietnam National University)

  • Nhung T. T. Nguyen

    (Ho Chi Minh City University of Technology (HCMUT) - Vietnam National University, Ho Chi Minh City)

  • Vivian W. Y. Tam

    (Western Sydney University)

Abstract

Choosing an effective and efficient building design choice for energy management and for optimal cash flow utilisation connected with a building’s life-cycle is always a significant challenge for designers in the effort against global climate change. In addition to reducing greenhouse gas emissions, researchers all over the globe are prospering in the development of building optimization models that would reduce a building’s total energy usage. To foster environmentally friendly development, the Vietnamese government deploys tough law enforcement, well-defined green construction regulations, and a variety of other techniques. To encourage construction enterprises to adopt eco-friendly materials in their current and future projects. According to this study, green building assessments will be influenced by a number of significant factors, such as groupings of variables related to “Experience, credentials, and talents.” Group of variables associated with “Motivation to maximise economic performance of the project life cycle,” “Energy conservation,” “Water conservation,” “Materials & Resources,” “Management,” and “Motivation to promote the benefits of market strategy.” The management of energy efficiency ranks first among the categories of factors that impact the approach and assessment of a green building. In addition, this will affect future evaluations of green buildings, such as life cycle cost analyses and environmental impact assessments undertaken during the development of the project. It is vital to identify and prioritise the components that impact the development of a green building. It will provide more precise project development approaches to academics, designers, and practitioners.

Suggested Citation

  • Cuong N. N. Tran & Nhung T. T. Nguyen & Vivian W. Y. Tam, 2023. "Correlation for Project Decision Making Process Between Green Building Proposal Evaluation and Life Cycle Costing Applications," Lecture Notes in Operations Research, in: Jing Li & Weisheng Lu & Yi Peng & Hongping Yuan & Daikun Wang (ed.), Proceedings of the 27th International Symposium on Advancement of Construction Management and Real Estate, pages 475-483, Springer.
  • Handle: RePEc:spr:lnopch:978-981-99-3626-7_38
    DOI: 10.1007/978-981-99-3626-7_38
    as

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