Abstracts – Browse Results
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Çıdık, M S and Boyd, D (2020) “Shared sense of purposefulness”: a new concept to understand the practice of coordinating design in construction. Construction Management and Economics, 38(01), 18–31.
Ahmad Shazali, A S and Tahar, K N (2019) Virtual 3D model of Canseleri building via close-range photogrammetry implementation. International Journal of Building Pathology and Adaptation, 38(01), 217–27.
Amadi, A and Higham, A P (2019) A cost trajectory to environmentally adaptive building construction in wet humid settings. International Journal of Building Pathology and Adaptation, 38(01), 68–88.
Ashdown, M M, Crawley, J, Biddulph, P, Wingfield, J, Lowe, R and Elwell, C A (2019) Characterising the airtightness of dwellings. International Journal of Building Pathology and Adaptation, 38(01), 89–106.
Brooks, T, Scott, L, Spillane, J P and Hayward, K (2020) Irish construction cross border trade and Brexit: Practitioner perceptions on the periphery of Europe. Construction Management and Economics, 38(01), 71–90.
Brown, N, Wright, A J, Shukla, A and Stuart, G (2010) Longitudinal analysis of energy metering data from non-domestic buildings. Building Research & Information, 38(01), 91.
Crawley, J, Biddulph, P, Wingfield, J, Ashdown, M, Lowe, R and Elwell, C (2019) Inferring the as-built air permeability of new UK dwellings. International Journal of Building Pathology and Adaptation, 38(01), 3–19.
Crosbie, T and Baker, K (2010) Energy-efficiency interventions in housing: learning from the inhabitants. Building Research & Information, 38(01), 9.
Djebbar, K E, Salem, S and Mokhtari, A (2019) Assessment of energy performance using bottom-up method. International Journal of Building Pathology and Adaptation, 38(01), 192–216.
Erkoreka, A, Flores-Abascal, I, Escudero, C, Martin, K, Millan, J A and Sala, J M (2019) Flat roof hygrothermal performance testing and evaluation. International Journal of Building Pathology and Adaptation, 38(01), 148–75.
Firth, S K, Lomas, K J and Wright, A J (2010) Targeting household energy-efficiency measures using sensitivity analysis. Building Research & Information, 38(01), 25–41.
Flood, C and Scott, L (2019) Thermal analysis and post construction verification. International Journal of Building Pathology and Adaptation, 38(01), 51–67.
Gupta, R, Gregg, M and Cherian, R (2019) Developing a new framework to bring consistency and flexibility in evaluating actual building performance. International Journal of Building Pathology and Adaptation, 38(01), 228–55.
Hamidane, H, Ababneh, A, Messabhia, A and Xi, Y (2019) Modeling of chloride penetration in concrete structures under freeze-thaw cycles. International Journal of Building Pathology and Adaptation, 38(01), 127–47.
Ibraheem, Y, Piroozfar, P A, Farr, E R and Ravenscroft, N (2019) Methodological evaluation of Integrated Façade Systems. International Journal of Building Pathology and Adaptation, 38(01), 107–26.
Li, M, Allinson, D and Lomas, K (2019) Estimation of building heat transfer coefficients from in-use data. International Journal of Building Pathology and Adaptation, 38(01), 38–50.
Marsh, R, Larsen, V G and Kragh, M (2010) Housing and energy in Denmark: past, present, and future challenges. Building Research & Information, 38(01), 92–106.
O’Connell, S, Reynders, G, Seri, F, Sterling, R and Keane, M M (2019) A standardised flexibility assessment methodology for demand response. International Journal of Building Pathology and Adaptation, 38(01), 20–37.
Oswald, D (2020) Safety indicators: questioning the quantitative dominance. Construction Management and Economics, 38(01), 11–17.
Ponton, H, Osborne, A, Thompson, N and Greenwood, D (2020) The power of humour to unite and divide: a case study of design coordination meetings in construction. Construction Management and Economics, 38(01), 32–54.
Rogage, K, Clear, A, Alwan, Z, Lawrence, T and Kelly, G (2019) Assessing building performance in residential buildings using BIM and sensor data. International Journal of Building Pathology and Adaptation, 38(01), 176–91.
Shipworth, M, Firth, S K, Gentry, M I, Wright, A J, Shipworth, D T and Lomas, K J (2010) Central heating thermostat settings and timing: building demographics. Building Research & Information, 38(01), 50–69.
Summerfield, A J, Lowe, R J and Oreszczyn, T (2010) Two models for benchmarking UK domestic delivered energy. Building Research & Information, 38(01), 12–24.
Summerfield, A J, Pathan, A, Lowe, R J and Oreszczyn, T (2010) Changes in energy demand from low-energy homes. Building Research & Information, 38(01), 42–9.
Troje, D and Gluch, P (2020) Populating the social realm: new roles arising from social procurement. Construction Management and Economics, 38(01), 55–70.
van den Boomen, M, Spaan, M T J, Shang, Y and Wolfert, A R M (2020) Infrastructure maintenance and replacement optimization under multiple uncertainties and managerial flexibility. Construction Management and Economics, 38(01), 91–107.
- Type: Journal Article
- Keywords: Maintenance; replacement; optimization; Markov Decision Process; real options analysis;
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446193.2019.1674450
- Abstract:
Infrastructure maintenance and replacement decisions are subject to uncertainties such as regular asset degradation, structural failure, and price uncertainty. In the engineering domain, Markov Decision Processes (MDPs) typically focus on uncertainties regarding asset degradation and structural failure. While the literature in the engineering domain stresses the importance of addressing price uncertainties, it does not substantiate the observations of such uncertainties through optimization modeling. By contrast, real option analyses (ROAs) that originate from the financial domain address price uncertainties but generally disregard asset degradation and structural failure. Accordingly, this piece of current research brings both domains closer together and proposes an optimization approach that incorporates the flexibility to choose between multiple successive intervention strategies, regular asset degradation, structural failure and multiple price uncertainties. A practical result of the current research is a realistic approach to optimization modeling in which state space reduction is achieved by combining prices into portfolios. The current research obtains transition probabilities from existing price data. This approach is demonstrated using a case study of a water authority in the Netherlands and confirms the premise that price fluctuations may influence short-term maintenance and replacement decisions.