Assessment model on environmental economics for construction projects in Korea
- Authors
- Kwon, Suk-Hyun; Kim, Kyong Ju; Kim, Kyoungmin; Cho, Namho
- Issue Date
- May-2012
- Publisher
- KOREAN SOCIETY OF CIVIL ENGINEERS-KSCE
- Keywords
- environmental cost; environmental economics; Life Cycle Assessment (LCA); construction project; Contingent Valuation Method (CVM)
- Citation
- KSCE JOURNAL OF CIVIL ENGINEERING, v.16, no.4, pp 505 - 516
- Pages
- 12
- Journal Title
- KSCE JOURNAL OF CIVIL ENGINEERING
- Volume
- 16
- Number
- 4
- Start Page
- 505
- End Page
- 516
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/20348
- DOI
- 10.1007/s12205-012-1363-5
- ISSN
- 1226-7988
- Abstract
- This study aims to propose an assessment model for environmental economics that will provide useful information for decision-making on the implementation of pro-environmental and economical construction projects. To meet this objective, this study suggests a procedure for estimating the environmental cost of construction projects. The model combines environmental load assessment and environmental value assessment. The environmental cost of pollutants generated from a construction project was estimated utilizing Contingent Valuation Method (CVM), a value assessment method borrowed from economic science. A case analysis was subsequently conducted to verify the applicability of the proposed model to actual construction projects. The devised model is expected to provide a useful methodology that will scientifically support the planning and management of sustainable construction not only in terms of the environmental aspect but also of the economical aspect.
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