DEVELOPMENT AND APPLICATIONS OF ECO-INNOVATION RISK ANAL-YSIS MEASURES FOR GREEN BUILDINGS
DOI:
https://doi.org/10.36930/Keywords:
Eco-innovation, green building, risk management, risk analysis, risk measure, sustainability, eco-benefits, eco-risks, risk-benefits matrix.Abstract
Eco-innovations – new developments in products, services and processes which consider ecological knowledge and effect in their commercial applications – could bring new risks to the product or project life cycle. This paper introduces measures for evaluation of possible risks versus values added by eco-innovative novelties. Additional risk measures, incorporating probabilities and severities of risks, proposed could be useful in certain situations of risk analysis. E/R measure was tested in two cases of green buildings: Courthouse Square in Salem, Oregon and AMD Lone Star in Oak Hill, Austin, Texas. Microsoft Excel was used for E/R measure matrix. I would like to acknowledge contributions of Türkay Dereli1, Alptekin Durmuşoğlu, Tuğrul U. Daim, Manar Al mallak2, Sajeda Tamimi2 and Bahareh Vossoghi2 to the research presented in this paper.
References
WCED, WCED-World Commission on Environment and Development, Our Common Fu-ture, Oxford Univ. Press, Oxford (1987), Last Access on: August 21, 2009.
http://www.un.org/geninfo/bp/enviro.html, Last Access on: June 21, 2009.
James P. The sustainability circle: a new tool for product development and design. Journal of Sustainable Product Design, 2, pp. 52-57, 1997.
Brügemann L.M. Innovation of an eco-efficient product-service combination. M.Sc. thesis. Delft University of Technology, 2000.
Hallenga-Brink S.C, Brezet J.C. The sustainable innovation design diamond for micro-sized enterprises in tourism. Journal of Cleaner Production, 13, pp. 141–149, 2005.
Anastas P.T., Zimmerman J.B. Design of green engineering, through the 12 principles. En-viron. Sci. Technol., 1, 37, 5, pp. 94–101, 2003.
http://www.wbcsd.org/web/, Last Access on: August 24, 2009.
Chin K.S., Tang D.W., Yang J.B., Wong S.Y., Wang H. Assessing new product develop-ment project risk by Bayesian network with a systematic probability generation methodology. Expert Systems with Applications, 36, 6, pp. 9879-9890, 2009.
Arelli P.D. Selling and Governing the Green Project: Owner Risks in Marketing, Entitlement and Project Governance. Real Estate Issues. 33.3 (2008): pp.15-22
Bruce Wollstein. (February 22, 2011). Risk Management. Presentation. Intel Corp.


