Renovation of Public Housing: Suggestions from a Simple Model

Renovation of Public Housing: Suggestions from a Simple Model

This paper presents a simple model to contrast the benefit and cost of renovating public housing units against the benefit and cost of building new ones. Benefit is measured as the additional expected life created, and empirically-estimated survivor functions for housing are used to calculate maximu...

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Veröffentlicht in:Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 38(1992), 5, Seite 655-666
1. Verfasser: Gleeson, Michael E. (VerfasserIn)
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 1992
Zugriff auf das übergeordnete Werk:Management Science
Schlagworte:Government Services Resource Allocation Public Program Evaluation Reliability Theory-Applications Applied sciences Social sciences Mathematics Business Economics
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520 |a This paper presents a simple model to contrast the benefit and cost of renovating public housing units against the benefit and cost of building new ones. Benefit is measured as the additional expected life created, and empirically-estimated survivor functions for housing are used to calculate maximum costs at which renovation is cost-effective relative to new construction. Actual renovation costs for an existing program are compared with calculated maximums. Results suggest that past renovation practice may not have been cost-effective relative to new construction. Possible changes in program guidelines are presented. The paper concludes with a discussion of policy implications. 
540 |a Copyright 1992 The Institute of Management Sciences 
650 4 |a Government Services 
650 4 |a Resource Allocation 
650 4 |a Public Program Evaluation 
650 4 |a Reliability Theory-Applications 
650 4 |a Applied sciences  |x Engineering  |x Civil engineering  |x Construction engineering  |x Renovations 
650 4 |a Social sciences  |x Human geography  |x Housing  |x Public housing 
650 4 |a Mathematics  |x Mathematical values  |x Ratios 
650 4 |a Social sciences  |x Human geography  |x Housing 
650 4 |a Business  |x Accountancy  |x Financial accounting  |x Business expenses  |x Variable costs  |x Construction costs 
650 4 |a Economics  |x Economic disciplines  |x Applied economics  |x Economic modeling  |x Microeconomic modeling  |x Cost benefit ratio 
650 4 |a Business  |x Business economics  |x Commercial production  |x Production factors  |x Production costs  |x Unit costs 
650 4 |a Mathematics  |x Applied mathematics  |x Statistics  |x Applied statistics  |x Descriptive statistics  |x Statistical distributions  |x Distribution functions  |x Probability distributions  |x Continuous probability distributions  |x Density distributions  |x Reliability functions 
650 4 |a Economics  |x Microeconomics  |x Economic costs and benefits  |x Economic costs  |x Cost efficiency 
650 4 |a Economics  |x Microeconomics  |x Economic costs and benefits  |x Economic costs  |x Cost functions 
655 4 |a research-article 
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856 4 0 |u https://www.jstor.org/stable/2632683  |3 Volltext 
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952 |d 38  |j 1992  |e 5  |h 655-666