The Economics of Building: a Practical Guide for the Design Professional

This book is both an introduction to economic principles and theories as they relate to building design decisions, and a practical reference guide on how to use economic principles when making decisions. It unites a variety of specialized topics relating to building economics, such as cost estimating, life-cycle costing, cost indexes, capital budgeting, decision analysis, and real estate feasibility analysis, developing them within the framework of an integrated approach to making building design and management decisions. This integrated approach is developed by adapting basic approaches of decision theory to economic evaluation. This book attempts to achieve a sensible balance between the need to simplify relatively complex economic and decision theory principles and practices without sacrificing the intellectual content of the materia