
	Information Technology Journal
	Year: 2013 \| Volume: 12 \| Issue: 13 \| Page No.: 2593-2598 DOI: 10.3923/itj.2013.2593.2598

Uncertainty Analysis by Monte Carlo Simulation in a Life Cycle Assessment of Water-Saving Project in Green Buildings

Chai Hongxiang and Chen Wei

Abstract: The complexity of the water-saving project in green buildings when analyzing its Life cycle cost (LLC) renders analytic methods very difficult to be applied. The objective of this study is to conduct a Life Cycle Assessment (LCA) on comprehensive benefit model for water saving in green buildings. Monte Carlo methodology, which substitutes point estimates with random numbers obtained from probability density functions and then builds models of possible results, was applied to calculation in this study. Crystal Ball is utilized to carry out the uncertainty analysis. The most relevant parameters in comprehensive water-saving benefits are identified, which are the annual growth rate in stable phase of water price, discount rate and annual growth rate in transitional period of water price.

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How to cite this article:

Chai Hongxiang and Chen Wei, 2013. Uncertainty Analysis by Monte Carlo Simulation in a Life Cycle Assessment of Water-Saving Project in Green Buildings. Information Technology Journal, 12: 2593-2598.

DOI: 10.3923/itj.2013.2593.2598

URL: https://scialert.net/abstract/?doi=itj.2013.2593.2598

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