Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems

Available format(s)

Hardcopy , PDF

Superseded date

11-11-2014

Language(s)

English

Published date

01-04-2007

Publisher

American Society for Testing and Materials

Committee	E 06
DocumentType	Guide
Pages	0
PublisherName	American Society for Testing and Materials
Status	Superseded
SupersededBy	ASTM E 1369 : 2007 : EDT 2
Supersedes	ASTM E 1369 : 2007

1.1 This guide covers techniques for treating uncertainty in input values to an economic analysis of a building investment project. It also recommends techniques for evaluating the risk that a project will have a less favorable economic outcome than what is desired or expected.

1.2 The techniques include breakeven analysis, sensitivity analysis, risk-adjusted discounting, the mean-variance criterion and coefficient of variation, decision analysis, and simulation.

1.3 The techniques can be used with economic methods that measure economic performance, such as life-cycle cost analysis, net benefits, the benefit-to-cost ratio, internal rate of return, and payback.

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ASTM E 1804 : 2016	Standard Practice for Performing and Reporting Cost Analysis During the Design Phase of a Project
ASTM E 1074 : 2015	Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
ASTM E 1121 : 2015	Standard Practice for Measuring Payback for Investments in Buildings and Building Systems
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ASTM E 3130 : 2018	Standard Guide for Developing Cost-Effective Community Resilience Strategies

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ASTM E 1369 : 2007 : EDT 1

Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems

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