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The Value of Sustainability

TitleThe Value of Sustainability
Publication TypeWorking Paper
Year of Publication2004
AuthorsCastillo, R, Chung, NChi
Date Published09/2004
Publication Languageeng
KeywordsCalifornia Academy of Sciences, Center for Integrated Facility Engineering, CIFE, Cost Benefit, Cost Estimating, Cost Estimation, Green, Idealism, Jasper Ridge, Laguna Beach, Stanford University, Sustainability, Sustainable
AbstractThe goal of our research project is to investigate what drives decision makers to choose sustainable measures for AEC projects. Our research object is three-fold: To understand the process and perception of sustainability in the AEC industry, to investigate the true economic cost and benefits of sustainability, and to assess the decision basis of sustainability: idealism or economics? Our research method includes a survey distributed to industry professionals to analyze their perception of sustainability, and three case studies on existing successful sustainable projects. Both the results of the survey and the case studies indicated that sustainable projects are driven primarily by idealism and not economic profit. However, based on the slight but existing economic benefits, as well as the equity and environmental benefits of sustainability, future owners may want to look into sustainability for more than just idealism.
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