ASTM E1369-98
Historical Standard: ASTM E1369-98 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
SUPERSEDED (see Active link, below)
ASTM E1369
1. Scope
1.1 This guide recommends 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.
2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.
ASTM Standards
E631 Terminology of Building Constructions
E833 Terminology of Building Economics
E917 Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
E964 Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems
E1057 Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
E1074 Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
E1121 Practice for Measuring Payback for Investments in Buildings and Building Systems
E1185 Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems
E1946 Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
Adjuncts
Discount Factor Tabl Adjunct to Practices , , , , and Available from ASTM International Headquarters. Order Adjunct No. . Original adjunct produced in 1984.Keywords
breakeven analysis; building economics; certainty equivalent; decision analysis; economics; economic evaluation; economic methods; mathematical/analytical technique; probability distribution; risk; risk-adjusted discount rate; risk analysis; risk attitude; risk exposure; sensitivity analysis; simulation; uncertainty; Breaking strength/tenacity--rubber; Construction--building materials/applications; Risk analysis--buildings; Breakeven analysis; Building economics; Certainty equivalent factor (CEF) technique; Contingency analysis; Energy conservation; Mathematical models/modeling; Nonprobalistic statistical techniques; Probabilistic statistical techniques; Risk adjusted discount rate (RADR) technique; Breakdown voltage; Sensitivity criterion/response; Statistical methods; Uncertainty; Value analysis (VA);
ICS Code
ICS Number Code 91.010.20 (Contractual aspects)
DOI: 10.1520/E1369-98
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