Facility Cost Simulation Models: A Basis for Replacement Policy

摘要

Real property management is related to the serviceability or durability of building components and materials that are affected by numerous external and internal factors. Despite the complexity of this problem, the U.S. Army, as one of the few organizations worldwide owning a large building inventory, must constantly make decisions for improving managerial efficiency of facilities. Knowledge about the serviceability and durability of buildings is the key to informed decisions. Simulation models were developed to (1) estimate maintenance and repair (M&R) cost by a facility's age, (2) evaluate replacement strategies, and (3) predict future cost requirements of facilities. The models consider a facility as a set of replaceable and nonreplaceable components. Keywords: Simulation, Buildings, Facilities, Maintenance, Replacement, Service life. (JES)