Identification of optimal strategies for building retrofit with unknown future energy costs
In the selection of the best alternative solution to reduce energy consumption in building one is confronted with at least two basic questions: how to choose the most cost-effective project and how to make a consistent choice even when the future of energy escalation rates is unknown. This paper shows that the computation of the marginal cost-effectiveness of any project against each other is a suitable solution to the first question. Concerning the second point, application of decision making analysis provides an attractive solution assuming that if it is impossible to know the exact values of future energy escalation rates it is at least possible to define an internal in which those values should be located. In this paper an original approach to assist the decision process is presented. Basic theory of decision making analysis is briefly summarized and then applied to the selection of the best project from a set of eight feasible solutions.
- Research Organization:
- Laboratoire de Physique du Batiment, Universite de Liege
- OSTI ID:
- 5417899
- Report Number(s):
- CONF-830812-
- Journal Information:
- Proc., Intersoc. Energy Convers. Eng. Conf.; (United States), Vol. 5; Conference: 18. intersociety energy conversion engineering conference, Orlando, FL, USA, 21 Aug 1983
- Country of Publication:
- United States
- Language:
- English
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