Multi-period optimization of building refurbishment decisions: assessing options and risk under economic uncertainty. Rysanek, A. & Choudhary, R. Proceedings of building simulation, 2011.
abstract   bibtex   
This paper presents the first results of a sequential modelling engine developed for the rapid, exhaustive simulation of building retrofit options spanning multiple investment periods and varying economic conditions. An illustrative case study shows how the overall model can be used to generate correlations between return-on- investment, initial capital cost, and risk, while also verifying if greenhouse gas emissions reduction targets can be upheld.
@article{rysanek2011multi,
  title={Multi-period optimization of building refurbishment decisions: assessing options and risk under economic uncertainty},
  author={Rysanek, Adam and Choudhary, Ruchi},
  journal={Proceedings of building simulation},
  pages={2447--54},
  abstract={This paper presents the first results of a sequential modelling engine developed for the rapid, exhaustive simulation of building retrofit options spanning multiple investment periods and varying economic conditions. An illustrative case study shows how the overall model can be used to generate correlations between return-on- investment, initial capital cost, and risk, while also verifying if greenhouse gas emissions reduction targets can be upheld.},
  year={2011}
}

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