Probabilistic and Fuzzy Approaches for Estimating the Life Cycle Costs of Buildings

The Life cycle cost (LCC) method makes it possible for the whole life performance of buildings and other structures to be optimized. The introduction of the idea of thinking in terms of a building life cycle resulted in the need to use appropriate tools and techniques for assessing and analyzing costs throughout the life cycle of the building. Traditionally estimates of LCC have been calculated based on historical analysis of data and have used deterministic models. The concepts of probability t...See More