Life-Cycle Costing Workshop for Energy Conservation in Buildings: Student Manual.
Life-Cycle Costing Workshop for Energy Conservation in
Buildings: Student Manual.
Fuller, S. K.; Petersen, S. R.
NISTIR 5165-98; 200 p. April 1998.
Sponsor:Department of Energy, Washington, DC
Available from: National Technical Information Service
Order number: PB99-102410
energy conservation; costs; manuals; economics; computer
programs; risk analysis; economic analysis
This report supersedes NISTIR 5165-97a
This Student Manual for the "Life-Cycle Costing Workshop
for Energy Conservation in Buildings" is a workbook for
a two-day course on life-cycle cost (LCC) analysis
developed by the National Institute of Standards and
Technology (NIST) for the U.S. Department of Energy,
Federal Energy Management Program (FEMP). The
methodology and procedures in this manual are consistent
with 10 CFR part 436 and its amendments, which provide
guidelines for the economic analysis of investments in
energy conservation and renewable resources for federal
buildings. The purpose of the workshop is to provide
energy managers with the knowledge and skills they need
to perform economic analyses of capital investments in
energy conservation quickly and correctly. The
analytical methodology presented is equally useful to
government and private sector investments. Under the
sponsorship of FEMP, the Office of Applied Economics
(OAE) at NIST has conducted this workshop for both
government and private sector participants several times
each year for the past 10 years in various locations
throughout the United States, as well as in Europe and
Korea. Starting in 1995, FEMP and NIST have been
encouraging "FEMP-qualified" LCC instructors to teach
this same course, using this student manual as the basis
of the course curriculum. The use of "FEMP-qualified"
LCC instructors for this purpose can greatly expand the
usage of LCC methodology to evaluate the cost
effectiveness of energy conservation projects in the
United States, both in government and in the private
sector. This Student Manual is organized into 10
teaching modules and provides hard copies of the visual
materials (slides) that are presented in each module.
These visual materials are updated annually to reflect
changes in the federal discount rate and projected
energy price escalation rates used in federal LCC
analyses of energy cosnervation projects. The visual
materials are shown in the order that they are
presented, in order to facilitate note taking by the
students. Review materials for each module are
presented at the end of the module, as well as an
exercise based on the lecture. We recommend that the
students work in small groups to solve these exercises
rather than working individually.