A comparison between cost optimality and return on investment forenergy retrofit in buildings - a real options perspective.

dc.contributor.authorTadeu, Sérgio Fernando
dc.contributor.authorAlexandre, Rafael Frederico
dc.contributor.authorTadeu, António J. B.
dc.contributor.authorAntunes, Carlos Henggeler
dc.contributor.authorSimões, Nuno A. V.
dc.contributor.authorSilva, Patrícia Pereira da
dc.date.accessioned2018-01-18T13:38:14Z
dc.date.available2018-01-18T13:38:14Z
dc.date.issued2016
dc.description.abstracttEuropean Union (EU) regulations aim to ensure that the energy performance of buildings meets thecost-optimality criteria for energy efficiency measures. The methodological framework proposed in EUDelegated Regulation 244 is addressed to national authorities (not investors); the optimal cost level iscalculated to develop regulations applicable at domestic level. Despite the complexity and the large num-ber of possible combinations of economically viable efficiency measures, the real options for improvingenergy performance available to decision makers in building retrofit can be established. Our study con-siders a multi-objective optimization approach to identify the minimum global cost and primary energyneeds of 154,000 combinations of energy efficiency measures. The proposed model is solved by the NSGA-II multi-objective evolutionary algorithm. As a result, the cost-optimal levels and a return on investmentapproach are compared for a set of suitable solutions for a reference building. Eighteen combinations ofretrofit measures are selected and an analysis of the influence of real options on investments is proposed.We show that a sound methodological approach to determining the advantages of this type of investmentshould be offered so that Member States can provide valuable information and ensure that the minimumrequirements are profitable to most investors.pt_BR
dc.identifier.citationTADEU, S. F. et al. A comparison between cost optimality and return on investment forenergy retrofit in buildings - a real options perspective. Sustainable Cities and Society, v. 21, p. 12-25, 2016. Disponível em: <http://www.sciencedirect.com/science/article/pii/S2210670715300482>. Acesso em: 02 out. 2017.pt_BR
dc.identifier.doihttps://doi.org/10.1016/j.scs.2015.11.002
dc.identifier.issn2210-6707
dc.identifier.urihttp://www.repositorio.ufop.br/handle/123456789/9268
dc.language.isoen_USpt_BR
dc.rightsabertopt_BR
dc.rights.licenseO periódico Sustainable Cities and Society concede permissão para depósito deste artigo no Repositório Institucional da UFOP. Número da licença: 4231391269342.pt_BR
dc.subjectCost optimalitypt_BR
dc.subjectReal optionspt_BR
dc.subjectEnergy retrofitpt_BR
dc.subjectGenetic algorithmspt_BR
dc.titleA comparison between cost optimality and return on investment forenergy retrofit in buildings - a real options perspective.pt_BR
dc.typeArtigo publicado em periodicopt_BR
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