| Summary: | The paper puts forward a mixed integer linear programming model to support the long-term planning and budgeting for renewal and capital improvements of residential buildings, i.e., to select the optimal sequence of repair and improvement actions over a predefined planning horizon. The input is provided by the evaluation of the building performance according to a set of criteria. Then a set of possible repairs, replacements and improvements needs to be proposed together with the estimates of their cost and benefits; the latter are expressed by increments of building performance ratings according to predefined criteria. The renewal and modernization measures are not mutually independent: at least some of them are complementary and should be carried out in a specific order. The optimization problem was to define the order of renewal/improvement measures resulting with the highest benefits available within the budget, or to achieve the required levels of building performance at the lowest cost. A unique feature of the model is the approach to the constraints on sequential relationships between the measures and to their selection. The model can be used to construct long-term renewal and capital improvement plans.
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