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The mission of the Economics of the Sustainable Built Environment (ESBE) Lab is to develop the state-of-the-art Financial/Economic Analysis Models for enhancing efficient and effective investments in built environment assets. Avoiding under- or over-investment contributes directly to the objective of sustainable development, which aims to maximize future benefits considering the resources used.
Currently, the ESBE Lab’s work focuses on Sustainability Conscious Infrastructure Investment Valuation. This field is multidisciplinary and lies at the confluence of Construction Engineering & Management, Infrastructure Asset Management, Quantitative & Computational Finance, and Management Science & Operations Research. Work in this area is essential for improving long-range planning and decision-making processes for buildings and civil infrastructure assets, advancing economic/financial valuation methods for investments in capital projects while preserving environmental and social conditions to foster sustainable development.