Public-Private Partnerships Pay Big Dividends: A Case Study of Cybernetic Building Systems
Robert E. Chapman
This paper presents a critical analysis of the economic impacts of past, ongoing, and planned collaborative research for developing and deploying cybernetic building systems (CBSs) in office buildings. NIST is participating in a public-private partnership to develop CBC products and services and is providing a forum for conducitng interoperability testing. The results of the economic impact assessment demonstrate that the use of CBS products and services will generate substantial cost savings to the owners, managers, and occupants of office buildings across the United States. The present value of cost savings nationwide expected from the use of CBS products and services in office buildings over the next 15 yearsexceeds $1.1 billion. The present value of cost savings due to the public-private partnership's efforts focused on the early commercialization of CBS products and services are expected to exceed $90 million. Monte Carlo techniques are employed to provide insights into both the risks and the benefits of developing and depolying CBS products and services. These insights highlight both the merits of CBS products and services and the value added of the collaborative efforts of the public-private partnership.
BACnet, building economics, cybernetic building systems, energy conservation, fault detection, impact evaluation