ASTM E 1369 : 2015 : R2020 : EDT 1
Current
The latest, up-to-date edition.
Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
Hardcopy , PDF
English
01-04-2020
Important note : Users cannot be edited or removed once added to your Multi user PDF.| Committee |
E 06
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| DocumentType |
Guide
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| Pages |
17
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| ProductNote |
ε1 NOTE—Adjunct title and stock number in 2.2 were updated editorially in April 2020.
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| PublisherName |
American Society for Testing and Materials
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| Status |
Current
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| Supersedes |
1.1This 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.2
1.2The techniques include breakeven analysis, sensitivity analysis, risk-adjusted discounting, the mean-variance criterion and coefficient of variation, decision analysis, simulation, and stochastic dominance.
1.3The 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.
1.4This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
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