A report published by the National Research Council of the National Academies identified the research on understanding and quantifying the value of infrastructure systems to their stakeholders and how this value is impacted by the various planning, design, construction, operation, and investment decisions as a national imperative. However, there is still a lack of understanding and formalized modeling of what different stakeholders value (e.g., energy conservation, safety, economic growth) in infrastructure systems and how to valuate (i.e., quantify the worth) infrastructure systems based on these values. To address the gap, this thesis proposed s an axiology-based valuation approach. Axiology is a theory of value (worth) that explores questions such as what are the things that we value and how to measure the value of these things (Smith and Thomas 1998). The proposed approach aims to develop a theory of value – a building infrastructure axiology (Build-Infra-Axio) – and apply this theory in understanding and valuating the value (worth) of buildings. The proposed Build-Infra-Axio is formalized as a theory-based model for valuating and analyzing the value (worth) of buildings based on the environmental, social, and economic values of the stakeholders. The Build-Infra-Axio aims to address questions such as: What are the values of stakeholders? What are the system components that may add value? What are the specific stakeholder values that a system component may fulfill? How to valuate these components based on stakeholder values? The proposed axiology-based value analysis offers a new way for conceptualizing and reasoning about the value of buildings and for understanding the impact of design decisions on the value of buildings to their stakeholders. The thesis work involved five primary research tasks: (1) conducting a comprehensive literature review, (2) discovering what responsible, impacted, and interested stakeholders value in residential, commercial, and educational buildings in an urban context, (3) developing an axiology-based, mathematical valuation model that valuates the value (worth) of a building (and its components) based on stakeholder values and the properties of the building (and its components), (4) developing a human-centered, building information modeling (BIM)-integrated value analysis system to facilitate automated valuation and value analysis, and (5) analyzing the impact of alternative design decisions on the value of residential, commercial, and educational buildings to their responsible, impacted, and interested stakeholders using a set of case studies.
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Axiology-based modeling and valuation for human-centered and value-sensitive building design