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New Generation Whole-Life Costing

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New Generation Whole-Life Costing

Property and Construction Decision-Making Under Uncertainty

Format

Paperback

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New Generation Whole-Life Costing by William Fawcett
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Description

New Generation Whole-Life Costing presents an innovative approach to decision-making and risk management for construction and real estate. It applies the options-based approach that has revolutionized the management of uncertainty in the business world. Based on government-sponsored research at Cambridge Architectural Research Ltd., the book introduces the idea of 'lifecycle options'. The desirability of whole-life costing is widely accepted, but take-up levels have been low. One problem is that traditional techniques fail to take account of future uncertainty. In contrast, the new options-based approach considers a diversity of possible futures, and favours flexible strategies that incorporate lifecycle options. This approach leads to more cost-effective and sustainable decisions, minimizing the risk of under- or over-investment. This book is structured around realistic case studies that demonstrate the prevalence of lifecycle options. These case studies are backed up by clear presentation of basic principles and mathematical techniques allowing the book to be read either as a stimulating introduction to new concepts, or as a guide to mathematical methods.

Author Biography

Ian Ellingham is an associate of Cambridge Architectural Research Ltd., UK. William Fawcett has held a lectureship at the University of Hong Kong and was one of the founding directors of Cambridge Architectural Research Ltd. He holds the Chadwick Fellowship in Architecture at Pembroke College, Cambridge.
Release date NZ
July 6th, 2006
Country of Publication
United Kingdom
Illustrations
18 black & white tables, 63 black & white halftones, 45 black & white line drawings
Imprint
Taylor & Francis Ltd
Pages
224
Dimensions
189x246x13
ISBN-13
9780415346580
Product ID
1668668

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