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Released: 01.04.2020
ASTM E1185-15R20E01 - Standard Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems
Standard Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems
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| Standard number: | ASTM E1185-15R20E01 |
| Released: | 01.04.2020 |
| Status: | Active |
| Pages: | 5 |
| Section: | 04.11 |
| Keywords: | adjusted internal rate of return; benefit-cost analysis; building economic methods; budget limitation; cost effectiveness; design decision; economic analysis; life-cycle costing; net savings; payback; project evaluation; ranking; savings-to-investment ratio; uncertainty; |
DESCRIPTION
1.1 This guide identifies types of building design and building system decisions that require economic analysis and recommends ASTM practices, adjuncts, and computer programs that may be used to implement the appropriate economic methods for each decision type.
1.2 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.