Open AccessEconomic analysis of prefabricated buildings based on value engineering analysis
Author(s) -
Jiayue Fang,
Yuan Qi
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/634/1/012127
Subject(s) - value engineering , subsidy , value (mathematics) , architectural engineering , economic analysis , government (linguistics) , computer science , engineering , mathematics , economics , operations management , classical economics , statistics , linguistics , philosophy , market economy
Combined with the value engineering theory, this paper compares the project’s value of output at different time by calculating the incremental cost and incremental benefit of the prefabricated building and the cast-in-place building. The calculations show that all aspects of prefab building are improving over time, but government subsidies have yet to have a significant effect on the overall value output.