Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/66481
Title: | A game theory based analysis of decision making for green retrofit under different occupancy types | Authors: | Liang, X Peng, Y Shen, GQ |
Issue Date: | 20-Nov-2016 | Source: | Journal of cleaner production, 20 Nov. 2016, v. 137, p. 1300-1312 | Abstract: | Buildings are responsible for almost half of all the energy consumption and greenhouse gas (GHG) emissions in the world. This situation highlights the importance of the green retrofit for existing buildings in reducing the energy consumption and GHG emissions, as emphasized by the academia and improved by the government Although relevant stakeholders are interested in implementing green retrofit projects, this approach has not been widely pursued by the industry, the reasons of which remain unclear. Therefore, this study aims to reveal the underlying logic by analyzing the behaviors of the building owners and occupiers, who are the direct decision makers in initiating green retrofit at the initial intention phase. Three occupancy scenarios, namely, owner-occupied (baseline scenario), single occupied, and multi-occupied buildings, are used for the game analysis. The Nash Equilibrium of the game is used to analyze the probable decisions of the owners and occupiers under the last two occupancy scenarios. Results demonstrate that both owners and occupiers are reluctant to retrofit under both scenarios. Nevertheless, the reasons vary under the two scenarios despite the same results obtained. This study clarifies the reasons for the reluctance of the direct decision makers to participate in green retrofit projects. The main reasons include the split incentives between the owners and occupiers, the complex coordination, and the uncertainty of green retrofit. The identified reasons are also beneficial to the policy makers, particularly in their effort to promote green retrofit by considering the requirements of owners and occupiers under the different occupancy types. | Keywords: | Green retrofit Decision making Game theory Owner Occupier |
Publisher: | Elsevier | Journal: | Journal of cleaner production | ISSN: | 0959-6526 | DOI: | 10.1016/j.jclepro.2016.07.200 | Rights: | © 2016 Elsevier Ltd. All rights reserved. © 2016 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ NOTICE: this is the author’s version of a work that was accepted for publication in Journal of Cleaner Production. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. The definitive version Liang, X., Peng, Y. & Shen, G. Q. (2016). A game theory based analysis of decision making for green retrofit under different occupancy types. Journal of cleaner production, 137, 1300-1312 is available at https://doi.org/10.1016/j.jclepro.2016.07.200 |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Liang_Xin_2015a.pdf | Pre-Published version | 3.41 MB | Adobe PDF | View/Open |
Page views
121
Last Week
1
1
Last month
Citations as of Mar 24, 2024
Downloads
595
Citations as of Mar 24, 2024
SCOPUSTM
Citations
95
Last Week
0
0
Last month
Citations as of Mar 29, 2024
WEB OF SCIENCETM
Citations
81
Last Week
0
0
Last month
Citations as of Mar 28, 2024
Google ScholarTM
Check
Altmetric
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.