ASTM-E1369:2011 Edition
$44.96
E1369-11 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
Published By | Publication Date | Number of Pages |
ASTM | 2011 | 17 |
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, simulation, and stochastic dominance.
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.
PDF Catalog
PDF Pages | PDF Title |
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1 | Scope Referenced Documents Terminology Summary of Guide Significance and Use |
2 | Procedures Techniques: Advantages and Disadvantages |
3 | FIG. 1 |
4 | FIG. 2 FIG. 3 |
6 | TABLE 1 TABLE 2 FIG. 4 |
8 | FIG. 5 |
9 | Other Techniques |
10 | Analyze Results and Make a Decision |
11 | Choosing the Appropriate Technique TABLE 3 |
12 | Report Keywords A1. RISK EXPOSURE MEASURED BY PROBABILITY AND DISTRIBUTION FUNCTIONS A1.1 FIG. A1.1 |
13 | A1.2 A1.3 A1.4 A1.5 A1.6 A2. RISK ATTITUDE AND UTILITY THEORY A2.1 A2.2 FIG. A1.2 |
14 | A2.3 A2.4 FIG. A2.1 FIG. A2.2 FIG. A2.3 FIG. A2.4 |
15 | FIG. A2.5 |
16 | A2.5 Stochastic Dominance Investment Rules for the Risk Averse Decision Maker FIG. A2.6 FIG. A2.7 |