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Conference Paper
A Budget-Constrained ECM Decision Algorithm for Existing Building Retrofit
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- Authors
- Hong-Soon Nam, Jin-Tae Kim, Tae-Hyung Kim, Youn-Kwae Jeong, Ii-Woo Lee
- Issue Date
- 2016-10
- Citation
- International Conference on Information and Communication Technology Convergence (ICTC) 2016, pp.797-799
- Publisher
- IEEE
- Language
- English
- Type
- Conference Paper
- Abstract
- This paper proposes a budget-constrained energy conservation measures (ECMs) decision algorithm, which is to optimize energy performance improvement within allowable budget for existing building retrofit. The energy performance of buildings can be improved by various measures including operation and maintenance improvements, retrofit activities or renewable energy sources. Thus, it is necessary for building owners or project managers to find the optimum combination of ECMs for their building retrofit and to determine the impacts of the selected ECMs. In addition, this paper describes the procedures of the proposed algorithm and analyzes the energy savings and payback period to verify the impacts of ECM implementations.
- KSP Keywords
- Building Owners, Building retrofit, Decision algorithm, Energy performance of buildings, Energy saving, Existing building, Payback Period, Project Manager, Renewable Energy sources, energy conservation measure(ECM), energy performance improvement