Chapter 14

The Economics

of Smart

Buildings

Overview

Buildings have long life cycles, typically between 25 and 40 years, depending
on the type of building and the intent of the original construction. The life
cycle cost of a building includes the initial costs of the facility (concept, design,
financing, and construction), as well as the long-term operational costs of the
building (Fig. 14.1).

©2010 Elsevier, Inc. All rights reserved.
Doi:10.1016/B978-1-85617-653-8.00014-4