Business value as the driver for management of building energy assets

• Published in: ASHRAE transactions Vol. 120; no. 2; p. 405
• Main Authors: Salahi, Niloofar, Lu, Yan, Mahani, Khashayar, Gharieh, Kaveh, Zhu, Jianmin, Jafari, Mohsen A, Winslow, P.J
• Format: Journal Article
• Language: English
• Published: Atlanta American Society of Heating, Refrigerating, and Air-Conditioning Engineers, Inc. (ASHRAE) 2014; American Society of Heating, Refrigeration and Air Conditioning Engineers, Inc
• Subjects: Allocations; Architecture and energy conservation; Asset management; Buildings; Business; Construction; Construction costs; Cooling; Costs; Decision making; Economic aspects; Economics; Energy management systems; Failure; Management; Methods; Organizations; Planning; Sensors; Software packages; Temperature
• ISSN: 0001-2505

This paper presents a set of asset business value models (BVMs) that map individual buildings and groups of buildings from their business objectives to the constituent assets whose operations are critical for the accomplishment of those business objectives. The outputs of these BVMs then provide inputs to asset management processes for the allocation of investment in labor and materials and for the organization of maintenance workflow. The two types of value models presented in this paper provide ordinal (criticality) or monetary business value scores for assets. The first BVM maps the business objectives designated by an organization for a building to that building's selected critical assets, using qualitative and subjective indices to yield an ordinal criticality score for those assets; the second BVM quantifies the business value of those assets in economic terms, using a monetary metric.