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  • ASTM E 1369 : 2015 : R2020 : EDT 1

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    Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems

    Available format(s):  Hardcopy, PDF

    Language(s):  English

    Published date:  01-04-2020

    Publisher:  American Society for Testing and Materials

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    Scope - (Show below) - (Hide below)

    1.1This guide covers techniques for treating uncertainty in input values to an economic analysis of a building investment project. It also recommends techniques for evaluating the risk that a project will have a less favorable economic outcome than what is desired or expected.2

    1.2The techniques include breakeven analysis, sensitivity analysis, risk-adjusted discounting, the mean-variance criterion and coefficient of variation, decision analysis, simulation, and stochastic dominance.

    1.3The techniques can be used with economic methods that measure economic performance, such as life-cycle cost analysis, net benefits, the benefit-to-cost ratio, internal rate of return, and payback.

    1.4This 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.

    General Product Information - (Show below) - (Hide below)

    Committee E 06
    Document Type Guide
    Product Note ε1 NOTE—Adjunct title and stock number in 2.2 were updated editorially in April 2020.
    Publisher American Society for Testing and Materials
    Status Current
    Supersedes

    Standards Referenced By This Book - (Show below) - (Hide below)

    ASTM E 1946 : 2018 Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
    ASTM E 1185 : 2015 : R2020 : EDT 1 Standard Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems
    ASTM E 1699 : 2014 Standard Practice for Performing Value Engineering (VE)/Value Analysis (VA) of Projects, Products and Processes
    ASTM E 1121 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Payback for Investments in Buildings and Building Systems
    ASTM E 2156 : 2004 : R2013 Standard Guide for Evaluating Economic Performance of Alternative Designs, Systems, and Materials in Compliance with Performance Standard Guides for Single-Family Attached and Detached Dwellings (Withdrawn 2022)
    ASTM E 917 : 2017 : EDT 1 Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
    ASTM E 1804 : 2016 Standard Practice for Performing and Reporting Cost Analysis During the Design Phase of a Project
    ASTM E 1074 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
    ASTM E 3130 : 2018 Standard Guide for Developing Cost-Effective Community Resilience Strategies

    Standards Referencing This Book - (Show below) - (Hide below)

    ASTM E 1057 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
    ASTM E 833 : 2014 Standard Terminology of Building Economics
    ASTM E 833 : 2014 : R2021 Standard Terminology of Building Economics
    ASTM E 2204 : 2015 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
    ASTM E 1074 : 2015 Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
    ASTM E 1946 : 1998 Standard Practice for Measuring Cost Risk of Buildings and Building Systems
    ASTM E 2204 : 2015 : R2020 : EDT 1 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
    ASTM E 1057 : 2015 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
    ASTM E 1121 : 2015 Standard Practice for Measuring Payback for Investments in Buildings and Building Systems
    ASTM E 1185 : 2015 Standard Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems
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