Recommended Practice for the Economic Analysis of Lighting

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With the dramatic growth in solid state lighting, the use of economic tools and rigorous financial analysis becomes more important than ever. Selecting a new lighting system, with a less familiar technology, is an important and difficult task for the lighting professional.

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Description

Good lighting should be responsive to the visual needs of the user. But the user also has economic needs.

With the dramatic growth in solid state lighting, the use of economic tools and rigorous financial analysis becomes more important than ever. Selecting a new lighting system, with a less familiar technology, is an important and difficult task for the lighting professional. The designer needs to make sure that the proposed lighting system meets or exceeds IES recommended practices, complies with energy code power limits and control requirements, and is able to meet extra targeted goals for the building, such as LEED, Advanced Energy Design Guides, or other local or project standards. But at the most practical level, any new lighting equipment selection needs to make sense economically.

Softcover or Digital PDF: 21 pages
Publisher: Illuminating Engineering Society (2014)
SKU: RP-31-14
ISBN-13: 978-0-87995-290-7
Dimensions: 8½” x 11″

Additional information

Weight 1 lbs
Dimensions 11 x 8.5 x .25 in
Format

Digital, Softcover

Table of Contents

  • The Role of Economic Analysis in Lighting Design
  • Second-Level Analysis Methods
  • Sensitivity Analysis
  • Benefit Analysis
  • First-Level Analysis Methods
  • References
  • Annex A – Notes
  • Annex B – Present Value Tables
  • Annex C –Present Value of an Annuity