id |
ascaad2010_189 |
authors |
Allahaim, Fahad; Anas Alfaris and David Leifer |
year |
2010 |
title |
Towards Changeability |
source |
CAAD - Cities - Sustainability [5th International Conference Proceedings of the Arab Society for Computer Aided Architectural Design (ASCAAD 2010 / ISBN 978-1-907349-02-7], Fez (Morocco), 19-21 October 2010, pp. 189-200 |
summary |
Many buildings around the world have undergone successive changes over their life cycles. Regardless of the type or size of a building there are usually requirements for change due to several unanticipated forces and emerging uncertainties that act upon them. These changes might be in the building’s spatial, structural or service systems. This can be due to changes in the needs of occupants, the market demand or technological advances. Although buildings undergo change, current design practice does not address this and buildings are still designed as if they will remain static. This paper proposes an Adaptable Buildings Design (ABD) Framework to address the issue of adaptability in building design. Using this methodology uncertainties and future changes are first identified. To increase the building’s longevity, flexibility options are embedded and design rules are formulated to trigger these options when necessary. The value of adaptability is then assessed by implementing several simulations using Real Options Analysis (ROA). To demonstrate the approach, the ABD is applied to a multi-use commercial building case study. Flexibility is embedded in the building’s design across several systems allowing it to change and evolve over time based on a set of design rules. The buildings adaptability is then assessed using ROA. Positive results demonstrate the strength of the proposed methodology in addressing future change and uncertaintie. |
series |
ASCAAD |
email |
|
full text |
file.pdf (1,731,578 bytes) |
references |
Content-type: text/plain
|
DE NEUFVILLE, R., Scholtes, S., & Wang, T. (2006)
Valuing Real Options by Spreadsheet: Parking Garage Case Example
, ASCE Journal of Infrastructure Systems, 12(2), 107- 111
|
|
|
|
GREDEN, L., & GLICKSMAN, L. (2004)
Options Valuation of Architectural Flexibility: A Case Study of the Option to Convert to Office Space
, Real Options 8th Annual International Conference, Montreal, Canada, 1719
|
|
|
|
GREDEN, L. (2005)
Flexibility in Building Design: A Real Options Approach and Valuation Methodology to Address Risk
, Unpublished Thesis Ph. D. --Massachusetts Institute of Technology Dept. of Architecture.
|
|
|
|
GUMA, A. (2008)
A Real Options Analysis of a Vertically Expandable Real Estate Development
, Master of Science, Massachusetts Institute of Technology, Cambridge, MA
|
|
|
|
MUN, J. (2006)
Real options analysis: tools and techniques for valuing strategic investments and decisions
, Hoboken, NJ : John Wiley & Sons, c2006. 2nd ed
|
|
|
|
SLAUGHTERES. (2001)
Design Strategies to Increase Building Flexibility
, Building Research and Information. Vol 29:3
|
|
|
|
WAM. (2009)
8 million m2 of offices and retail spaces in Saudi Arabia and 30% expected growth in 2010
, Alriyadh Newspaper, 24th November, Issue # 15128
|
|
|
|
last changed |
2011/03/01 07:36 |
|