The climatic influence on sustainable refurbishments and life cycle investing in Australia

2015 ◽  
Vol 33 (1) ◽  
pp. 19-35
Author(s):  
Chris Heywood ◽  
Eckhart Hertzsch ◽  
Mirek Piechowski
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Net Present Value ◽  
Capital Expenditure ◽  
Ghg Emissions ◽  
Integrated Approach ◽  
Building Envelope ◽  
Research Project ◽  
Content Type ◽  
The Impact

Purpose – The purpose of this paper is to report an investigation of the effect of location on refurbishment strategies to reduce greenhouse gas (GHG) emissions using the temperate and sub-tropical urban locations in Australia. This occurred within a larger research project that investigated methods for sustainable refurbishments to office buildings and their optimized timing from an investment perspective. Design/methodology/approach – An office building in Melbourne was used to develop seven sets of improvements using an integrated approach to upgrade mechanical services and the building envelope. Using asset management trigger points the impact on net present value and internal rate of return were calculated, taking into account the capital expenditure required, the energy savings due to the refurbishment, as well as a possible rental increase due to the upgrade and lesser operational energy bills for the tenants. To investigate the importance of the location attribute the upgraded building’s performance was modelled in a different climate by using a Brisbane weather file. Findings – A number of unexpected results were found, including that the same sets of improvements had similar reductions in GHG emissions in the two locations, they had similar impacts on the investment criteria and when using the National Australian Building Energy Rating System it was shown that it was easier and cheaper to get an uplift in stars in Melbourne than Brisbane. Research limitations/implications – This location-specific analysis is the result of using a more sophisticated and holistic methodology to analyse sustainable refurbishments that more closely resembles the complexity of the decision making required to make buildings more sustainable. Practical implications – This paper provides a basis for property investors to make decisions about sustainable investments when location is important. This can occur when a portfolio is distributed across various climate zones. Originality/value – The research project that the paper reports addresses the complexity of building attributes, possible sets of improvements to reduce GHG emissions and their investment decisions, within a life cycle view of assets. It is rare that this complexity is addressed as a whole, and rarer that locational climatic differences are examined.

scholarly journals Evaluation of the Environmental Performance of Residential Building Envelope Components

Energies ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 174 ◽  
Author(s):  
Serik Tokbolat ◽  
Farnush Nazipov ◽  
Jong R. Kim ◽  
Ferhat Karaca
Keyword(s):  
Life Cycle ◽  
Environmental Performance ◽  
Residential Buildings ◽  
Ghg Emissions ◽  
Building Envelope ◽  
Comfort Level ◽  
Environmental Cost ◽  
Energy Deficit ◽  
Comfort Levels ◽  
The Impact

The role of buildings in the context of addressing the consequences of climate change and the energy deficit is becoming increasingly important due to their share in the overall amount of green house gas (GHG) emissions and rapidly growing domestic energy consumption worldwide. Adherence to a sustainability agenda requires ever-increasing attention to all stages of a building′s life, as such approach allows for the consideration of environmental impacts of a building, from design, through construction stages, until the final phase of a building′s life—demolition. A life cycle assessment (LCA) is one of the most recognized and adopted models for the evaluation of the environmental performance of materials and processes. This paper aims to perform an LCA of four different types of residential buildings in Nur-Sultan, Kazakhstan. The assessment primarily considered embodied energy and GHG emissions as key assessment indicators. Findings suggest that the operational stage contributed to more than half of the GHG emissions in all the cases. The results of the study indicate that there is a dependence between the comfort levels and the impact of the buildings on the environment. The higher the comfort levels, the higher the impacts in terms of the CO2 equivalent. This conclusion is most likely to be related to the fact that the higher the comfort level, the higher the environmental cost of the materials. A similar correlation can be observed in the case of comparing building comfort levels and life-cycle impacts per user. There are fewer occupants per square meter as the comfort level increases. Furthermore, the obtained results suggest potential ways of reducing the overall environmental impact of the building envelope components.

scholarly journals Assessing asset monitoring levels for maintenance operations

2015 ◽  
Vol 26 (5) ◽  
pp. 632-659 ◽  
Author(s):  
Abdullah A Alabdulkarim ◽  
Peter Ball ◽  
Ashutosh Tiwari
Keyword(s):  
Asset Management ◽  
Business Models ◽  
Discrete Event ◽  
Dynamic Modelling ◽  
Simulation Models ◽  
Content Type ◽  
Event Simulation ◽  
Product Service ◽  
Asset Monitoring ◽  
The Impact

Purpose – Asset management has recently gained significance due to emerging business models such as Product Service Systems where the sale of asset use, rather than the sale of the asset itself, is applied. This leaves the responsibility of the maintenance tasks to fall on the shoulders of the manufacturer/supplier to provide high asset availability. The use of asset monitoring assists in providing high availability but the level of monitoring and maintenance needs to be assessed for cost effectiveness. There is a lack of available tools and understanding of their value in assessing monitoring levels. The paper aims to discuss these issues. Design/methodology/approach – This research aims to develop a dynamic modelling approach using Discrete Event Simulation (DES) to assess such maintenance systems in order to provide a better understanding of the behaviour of complex maintenance operations. Interviews were conducted and literature was analysed to gather modelling requirements. Generic models were created, followed by simulation models, to examine how maintenance operation systems behave regarding different levels of asset monitoring. Findings – This research indicates that DES discerns varying levels of complexity of maintenance operations but that more sophisticated asset monitoring levels will not necessarily result in a higher asset performance. The paper shows that it is possible to assess the impact of monitoring levels as well as make other changes to system operation that may be more or less effective. Practical implications – The proposed tool supports the maintenance operations decision makers to select the appropriate asset monitoring level that suits their operational needs. Originality/value – A novel DES approach was developed to assess asset monitoring levels for maintenance operations. In applying this quantitative approach, it was demonstrated that higher asset monitoring levels do not necessarily result in higher asset availability. The work provides a means of evaluating the constraints in the system that an asset is part of rather than focusing on the asset in isolation.

Impact of COVID-19 pandemic on community lifelines

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Naeem Abas ◽  
Esmat Kalair ◽  
Saad Dilshad ◽  
Nasrullah Khan
Keyword(s):  
Natural Disasters ◽  
Health Sector ◽  
Ghg Emissions ◽  
Developed Countries ◽  
World Population ◽  
Water Safety ◽  
Content Type ◽  
Essential Services ◽  
The World ◽  
The Impact

PurposeThe authors present the impact of the coronavirus disease 2019 (COVID-19) pandemic on community lifelines. The state machinery has several departments to secure essential lifelines during disasters and epidemics. Many countries have formed national disaster management authorities to deal with manmade and natural disasters. Typical lifelines include food, water, safety and security, continuity of services, medicines and healthcare equipment, gas, oil and electricity supplies, telecommunication services, transportation means and education system. Supply chain systems are often affected by disasters, which should have alternative sources and routes. Doctors, nurses and medics are front-line soldiers against diseases during pandemics.Design/methodology/approachThe COVID-19 pandemic has revealed how much we all are connected yet unprepared for natural disasters. Political leaders prioritize infrastructures, education but overlook the health sector. During the recent pandemic, developed countries faced more mortalities, fatalities and casualties than developing countries. This work surveys the impact of the COVID-19 pandemic on health, energy, environment, industry, education and food supply lines.FindingsThe COVID-19 pandemic caused 7% reductions in greenhouse gas (GHG) emissions during global lockdowns. In addition, COVID-19 has affected social fabric, behaviors, cultures and official routines. Around 2.84 bn doses have been administrated, with approximately 806 m people (10.3% of the world population) are fully vaccinated around the world to date. Most developed vaccines are being evaluated for new variants like alpha, beta, gamma, epsilons and delta first detected in the UK, South Africa, Brazil, USA and India. The COVID-19 pandemic has affected all sectors in society, yet this paper critically reviews the impact of COVID-19 on health and energy lifelines.Practical implicationsThis paper critically reviews the health and energy lifelines during pandemic COVID-19 and explains how these essential services were interrupted.Originality/valueThis paper critically reviews the health and energy lifelines during pandemic COVID-19 and explains how these essential services were interrupted.

Performance of physical asset management using the analytic hierarchy process

2019 ◽  
Vol 37 (3) ◽  
pp. 327-345 ◽  
Author(s):  
Fawzeia Abdulla Al Marzooqi ◽  
Matloub Hussain ◽  
Syed Zamberi Ahmad
Keyword(s):  
Analytic Hierarchy Process ◽  
Asset Management ◽  
Analytic Hierarchy ◽  
Content Type ◽  
Equal Importance ◽  
The Analytic Hierarchy Process ◽  
Physical Asset ◽  
The Impact ◽  
Hierarchy Process ◽  
Asset Managers

Purpose The purpose of this paper is to explore certain resources, capabilities and competencies needed to improve the performance of physical asset management (PAM). Design/methodology/approach The analytic hierarchy process (AHP) is used to select and prioritize the most appropriate factors for improving performance. A multi-criteria approach is used to analyze and compare the importance of 6 main criteria and 18 subcriteria identified from a survey of relevant literature. Findings The study revealed that not all factors are viewed as having equal importance in improving PAM performance, as three of the main factors attained greater importance among the six factors. Research limitations/implications This study explored the factors required for managing assets only within the third stage of asset lifecycle, that is, the utilization stage. It is recommended that future studies be conducted in such a way as to determine the importance of similar factors in the other stages of the asset lifecycle, or to identify new factors and add new criteria. Practical implications Knowledge of the differential impacts of the factors on the performance of PAM can impact asset managers and decision makers in their allocation of resources and focus their work on the highest-ranked rather than the lowest-ranked factors. Also, AHP used provides an effective mean for asset managers to identify priorities among decision criteria in their organization. Originality/value To date, no study has explored the impact of six combined factors on the performance of PAM. Previous studies have found that these factors each had equal importance. However, their relative ranking in practice and when they appear together have remained unrecognized.

Parametric study of the impact of building envelope systems on embodied and operational carbon of residential buildings

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amneh Hamida ◽  
Abdulsalam Alsudairi ◽  
Khalid Alshaibani ◽  
Othman Alshamrani
Keyword(s):  
Saudi Arabia ◽  
Residential Buildings ◽  
Building Envelope ◽  
Base Case ◽  
Content Type ◽  
Embodied Carbon ◽  
Block Wall ◽  
Shading Device ◽  
The Impact ◽  
Total Life

PurposeBuildings are responsible for the consumption of around 40% of energy in the world and account for one-third of greenhouses gas emissions. In Saudi Arabia, residential buildings consume half of total energy among other building sectors. This study aims to explore the impact of sixteen envelope variables on the operational and embodied carbon of a typical Saudi house with over 20 years of operation.Design/methodology/approachA simulation approach has been adopted to examine the effects of envelope variables including external wall type, roof type, glazing type, window to wall ratio (WWR) and shading device. To model the building and define the envelope materials and quantify the annual energy consumption, DesignBuilder software was used. Following modelling, operational carbon was calculated. A “cradle-to-gate” approach was adopted to assess embodied carbon during the production of materials for the envelope variables based on the Inventory of Carbon Energy database.FindingsThe results showed that operational carbon represented 90% of total life cycle carbon, whilst embodied carbon accounted for 10%. The sensitivity analysis revealed that 25% WWR contributes to a significant increase in operational carbon by 47.4%. Additionally, the efficient block wall with marble has a major embodiment of carbon greater than the base case by 10.7%.Research limitations/implicationsThis study is a contribution to the field of calculating the embodied and operational carbon emissions of a residential unit. Besides, it provides an examination of the impact of each envelope variable on both embodied and operational carbon. This study is limited by the impact of sixteen envelope variables on the embodied as well as operational carbon.Originality/valueThis study is the first attempt on investigating the effects of envelop variables on carbon footprint for residential buildings in Saudi Arabia.

Sustainable construction

2020 ◽  
Vol 20 (2) ◽  
pp. 191-207 ◽  
Author(s):  
Muhammad Waseem Khan ◽  
Yousaf Ali
Keyword(s):  
Life Cycle ◽  
Rice Husk ◽  
Life Cycle Cost ◽  
Sustainable Construction ◽  
Partial Replacement ◽  
Content Type ◽  
Government Organizations ◽  
Construction Companies ◽  
Concrete Type ◽  
The Impact

Purpose The change in climate and depletion of natural resources because of the harmful emissions from different materials becomes a main issue for the globe. Some of the developed and developing countries have focused on this issue and performed research to provide a solution. The purpose of this study is to identify the best types of concrete based on its impact on the environment and economy. Design/methodology/approach The life cycle assessment and life cycle cost analysis of six concrete mixtures that include construction and demolition wastes (CDW), marble sludge, rice husk and bagasse ash as a partial replacement of cement, are performed. These types of concrete are compared with each other and with ordinary concrete to select the best possible concrete type for a developing country, like Pakistan. Findings The results show that, although for an agricultural country like Pakistan, the agriculture wastes such as rice husk and bagasse ash are preferable to be used, if the emissions of CO2 and CO from rice husk and NOx and SO2 from bagasse ash are properly controlled. However, based on the results, it is recommended to use the CDW in concrete because of the small amount of air emissions and affordable prices. Originality/value Through this study, a path has been provided to construction companies and relative government organizations of Pakistan, which leads to sustainable practices in the construction industry. Moreover, the base is provided for future researchers who want to work in this area, as for Pakistan, there is no database available that helps to identify the impact of different concrete on the environment.

Corporate governance mechanisms and corporate investments: evidence from India

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Samridhi Suman ◽  
Shveta Singh
Keyword(s):  
Corporate Governance ◽  
Dynamic Model ◽  
Capital Expenditure ◽  
Agency Problem ◽  
Agency Problems ◽  
Static Model ◽  
Capital Expenditures ◽  
Content Type ◽  
Empire Building ◽  
The Impact

PurposeThe purpose of this paper is to empirically investigate the influence of corporate governance variables relating to the board of directors, audit and ownership on the agency problems that inflict a firm's investments in capital and research and development (R&D) expenditures. This study posits that the R&D investments are inflicted by the agency problem of “quiet life” whereas “empire-building” agency problem affects capital expenditure decisions.Design/methodology/ approachThis study analyses the investment behaviour of non-financial and non-utility firms listed on NIFTY 200 from FY 2009 to FY 2018 using a static and dynamic model.FindingsThe results from the static model suggest that ownership concentration mitigates the agency problem of the “quiet life” that affects R&D expenditures. However, no corporate governance attribute has a significant impact on R&D investments under the assumption of the dynamic model. In respect of capital expenditures, the analysis of static model yields that audits by large auditor firms and usage of non-audit services ameliorate the agency problem of “empire-building”. The results from the dynamic model show that independent boards worsen it. They also continue to provide empirical evidence in favour of large auditors.Originality/valueThis paper contributes to the literature on the corporate governance-investment association by simultaneously examining the impact of multiple corporate governance attributes on the agency problems of “quiet life” and “empire-building” that affect R&D and capital expenditures, respectively, in a static and dynamic context for a sample of Indian firms.

IFRS adoption, financial reporting quality and cost of capital: a life cycle perspective

2019 ◽  
Vol 31 (3) ◽  
pp. 497-522 ◽  
Author(s):  
Ahsan Habib ◽  
Md. Borhan Uddin Bhuiyan ◽  
Mostafa Monzur Hasan
Keyword(s):  
Life Cycle ◽  
Financial Reporting ◽  
Cost Of Capital ◽  
Reporting Quality ◽  
Financial Reporting Quality ◽  
Cost Of Equity ◽  
Content Type ◽  
Ifrs Adoption ◽  
Life Cycle Stages ◽  
The Impact

Purpose This paper aims to investigate the impact of International Financial Reporting Standards (IFRS) adoption on financial reporting quality and cost of equity. The paper further investigates whether such association varies at different life cycle stages. Design/methodology/approach This paper follows the methodologies of DeAngelo et al. (2006) and Dickinson (2011) to develop proxies for the firms’ stages in the life cycle. Findings Using both pre- and post-IFRS adoption period for Australian listed companies, the paper finds that financial reporting quality reduced and cost of equity increased because of the adoption of IFRS. The paper further evidences that financial reporting quality in the post-IFRS period increased cost of equity. Finally, the paper finds that mature firms produce a better quality of earnings, which result in lower cost of capital. The results indicate that a mature firm was benefited because of the adoption of IFRS. Originality/value The finding of this research is useful to the regulators and practitioners to understand the widespread benefit of IFRS adoption.

scholarly journals Industry professionalisation of strata title managers: what are the implications for governance?

2015 ◽  
Vol 33 (2) ◽  
pp. 187-204 ◽  
Author(s):  
Erika Altmann
Keyword(s):  
Qualitative Research ◽  
Pilot Study ◽  
Design Methodology ◽  
Social Implications ◽  
Small Scale ◽  
Research Project ◽  
Content Type ◽  
Academic Literature ◽  
The Impact ◽  
Practical Implications

Purpose – The purpose of this paper is to explore the rise of strata manager as a newly emergent profession and note their impact on the governance within medium and high density, strata titled housing such as flats, apartments, town-houses and CIDs. Design/methodology/approach – This research presents finding from a small scale, qualitative research project focused on the interaction between the owner committee of management and strata managers. Findings – The introduction mandatory certification is championed by industry bodies. The strata managers considered they already demonstrated valuable attributes desired by committees of management. These differed to the attributes targeted by the new training regime, and the attributes valued by the committees of management. Research limitations/implications – This is a small scale pilot study. A larger study will need to be undertaken to confirm these results. Practical implications – There is a disjunct between the training and what strata managers consider relevant to undertaking their duties. This has significance for the ongoing governance of these properties and industry professionalisation. The resilience of Australia’s densification policies will depend on how learning will translate into better governance outcomes for owners. Social implications – One in three people within Australia’s eastern states lives or owns property within strata titled complex (apartments, flats and townhouse developments). The increasing number of strata managers and professionalisation within their industry has the ability to impact an increasing number of people. Originality/value – The impact of this new profession, and their requirements in terms of expertise has not been fully considered within existing academic literature.

Energy Use and Greenhouse Gas Emissions in the Life Cycle of CdTe Photovoltaics

2005 ◽  
Vol 895 ◽  
Author(s):  
Vasilis Fthenakis ◽  
Hyung Chul Kim
Keyword(s):  
Life Cycle ◽  
Energy Use ◽  
Ghg Emissions ◽  
Ground Level ◽  
Solar Irradiation ◽  
Production Plant ◽  
Energy Payback ◽  
The Impact ◽  
The U.S ◽  
Total Life

AbstractThe life cycle of the thin film CdTe PV modules in the U.S. have been investigated based on materials and energy inventories for a commercial 25 MW/yr production plant. The energy payback times (EPBT) of these modules are 0.75 years and the GHG emissions are 18 gCO2-eq/kWh for average U.S. solar irradiation conditions. Adding the impact of an optimized ground-level balance of system (BOS), result in a total EPBT of 1.2 years and total life-cycle GHG emissions of 24 gCO2-eq/kWh.

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