A techno-economic-risk decision-making methodology for large-scale building energy efficiency retrofit using Monte Carlo simulation

Large-scale building energy efficiency retrofit (LSBEER) involves a large number of buildings with heterogeneous characteristics. Decision-making with regard to multiple-technology portfolios, optimal implementation strategy, and regional subsidy policy is a challenging task, made particularly difficult by the presence of various uncertainties. This paper proposes a techno-economic-risk decision making methodology (TERDMM) based on Monte Carlo...