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Table of Contents
Intro
Foreword
Foreword
Preface
Acknowledgments
Contents
List of Figures
List of Tables
About the Author
Part I: Introduction to Design Added Value
Chapter 1: Introduction
Relevance of Economics
Architecture, Engineering, Construction (AEC)
Value-Based Design (VBD): Combining Economics and AEC
Chapter 2: Capital Projects and Building Assessment
Capital Projects
Evaluation in the AEC Sector
Post-Occupancy Evaluation (POE)
Facility Performance Evaluation
Building Feasibility Analysis
Simulation-Based Evaluation
Building Commissioning
Current Challenges and Opportunities in the AEC Sector
Performance Emphasis
Stakeholder Savvy
Integration of Design and Operations of Capital Projects
BIM: The Emerging Digital Platform of Capital Project Delivery
Digital Information Advances
Exercise 1
Chapter 3: Fallingwater: A Celebrated Case of DAV Analysis
In the Early Years
Moisture Penetration
Structural Problems
A Retrospective Analysis
VBD Features of Fallingwater and Their "Spin" and "Buzz"
Stakeholders and the VBD Analysis of Fallingwater
Fallingwater's Costs and Benefits with Risk
Benchmarking the Costs and Benefits of Fallingwater's Design Features with Risk
Exercise 2
Chapter 4: Value-Based Design
Real-Estate Economics
Qualitative Estimates of Investment Value
Qualitative Estimates of Building Investment Value
A Quantitative Example of Investment Value
Qualitative Estimate of Value Added Investment
Use Value Versus Exchange Value
Pre Facto Versus Post Facto Analysis
Exercise 3
Part II: DAV Analysis Methods
Chapter 5: Cost-Benefit with Risk Analysis
Cost-Benefit Analysis in the DAV
Soft Costs
Construction and Operating Costs
Other Costs
Benefits
VBD Elicitation Methods
Exercise 4
Chapter 6: Elicitation Methods
Structured Interview
Brainstorming
Prototyping
Cognitive Walkthrough
Ethnographic Observation
Exercise 5.1
Exercise 5.2
Chapter 7: Pre facto and Post facto Analysis
Pre facto Analysis: (De- )value Engineering
What Is Function?
What Is Cost?
A Summary Approach to Value Engineering in DAV
Pre Facto Analysis: Carry-Over of Estimates from Precedents
Post facto Analysis: Archival Documentation of Parameters
Documenting the Features
Documenting the Stakeholders
Document Costs at Three Levels of Impact
Document Benefit at Three Levels of Impact
Exercise 6
Chapter 8: Quantitative DAV Analysis Methods
Scaling Ordinal Values
Sensitivity Analysis of Parameters
Risk Analysis
Bayesian Probability Estimates
Optimization with Graphics Methods
Optimization by Methods of Calculus
Optimization by Simplex Methods
Exercise 7.1
Exercise 7.2
Exercise 7.3
Chapter 9: Expertise, Innovation, and Creativity in Support of DAV
Innovation by eXtreme Design
Creativity
Foreword
Foreword
Preface
Acknowledgments
Contents
List of Figures
List of Tables
About the Author
Part I: Introduction to Design Added Value
Chapter 1: Introduction
Relevance of Economics
Architecture, Engineering, Construction (AEC)
Value-Based Design (VBD): Combining Economics and AEC
Chapter 2: Capital Projects and Building Assessment
Capital Projects
Evaluation in the AEC Sector
Post-Occupancy Evaluation (POE)
Facility Performance Evaluation
Building Feasibility Analysis
Simulation-Based Evaluation
Building Commissioning
Current Challenges and Opportunities in the AEC Sector
Performance Emphasis
Stakeholder Savvy
Integration of Design and Operations of Capital Projects
BIM: The Emerging Digital Platform of Capital Project Delivery
Digital Information Advances
Exercise 1
Chapter 3: Fallingwater: A Celebrated Case of DAV Analysis
In the Early Years
Moisture Penetration
Structural Problems
A Retrospective Analysis
VBD Features of Fallingwater and Their "Spin" and "Buzz"
Stakeholders and the VBD Analysis of Fallingwater
Fallingwater's Costs and Benefits with Risk
Benchmarking the Costs and Benefits of Fallingwater's Design Features with Risk
Exercise 2
Chapter 4: Value-Based Design
Real-Estate Economics
Qualitative Estimates of Investment Value
Qualitative Estimates of Building Investment Value
A Quantitative Example of Investment Value
Qualitative Estimate of Value Added Investment
Use Value Versus Exchange Value
Pre Facto Versus Post Facto Analysis
Exercise 3
Part II: DAV Analysis Methods
Chapter 5: Cost-Benefit with Risk Analysis
Cost-Benefit Analysis in the DAV
Soft Costs
Construction and Operating Costs
Other Costs
Benefits
VBD Elicitation Methods
Exercise 4
Chapter 6: Elicitation Methods
Structured Interview
Brainstorming
Prototyping
Cognitive Walkthrough
Ethnographic Observation
Exercise 5.1
Exercise 5.2
Chapter 7: Pre facto and Post facto Analysis
Pre facto Analysis: (De- )value Engineering
What Is Function?
What Is Cost?
A Summary Approach to Value Engineering in DAV
Pre Facto Analysis: Carry-Over of Estimates from Precedents
Post facto Analysis: Archival Documentation of Parameters
Documenting the Features
Documenting the Stakeholders
Document Costs at Three Levels of Impact
Document Benefit at Three Levels of Impact
Exercise 6
Chapter 8: Quantitative DAV Analysis Methods
Scaling Ordinal Values
Sensitivity Analysis of Parameters
Risk Analysis
Bayesian Probability Estimates
Optimization with Graphics Methods
Optimization by Methods of Calculus
Optimization by Simplex Methods
Exercise 7.1
Exercise 7.2
Exercise 7.3
Chapter 9: Expertise, Innovation, and Creativity in Support of DAV
Innovation by eXtreme Design
Creativity