TITLE:
Net Present Value Method: A Method Recommended by ISO 15686-5 for Economic Evaluation of Building Life Cycle Costs
AUTHORS:
Hao Xie, Qiao Cui, Yang Li
KEYWORDS:
NPV, ISO 15686-5, Building, Life Cycle Cost, Economic Evaluation
JOURNAL NAME:
World Journal of Engineering and Technology,
Vol.10 No.2,
May
10,
2022
ABSTRACT: The publication of ISO 15686-5 is significant for studies related to the life-cyclecosts of buildings. Among the many economic evaluation methods, the NPV method is recommended for use by this standard. This study explains the concept and method of PV, and then provides an explanation of the concept and method of NPV, and points out the limitations in the practical application of the method.