Construction, storage capacity and economics of an underground warehousing - Logistics center in Athens, Greece

Zevgolis, IE; Mavrikos, AA; Kaliampakos, DC

dc.contributor.author	Zevgolis, IE	en
dc.contributor.author	Mavrikos, AA	en
dc.contributor.author	Kaliampakos, DC	en
dc.date.accessioned	2014-03-01T01:20:02Z
dc.date.available	2014-03-01T01:20:02Z
dc.date.issued	2004	en
dc.identifier.issn	0886-7798	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/15822
dc.subject	Financial analysis	en
dc.subject	Logistics	en
dc.subject	Underground storage	en
dc.subject	Warehousing	en
dc.subject.classification	Construction & Building Technology	en
dc.subject.classification	Engineering, Civil	en
dc.subject.other	Aggregates	en
dc.subject.other	Construction	en
dc.subject.other	Costs	en
dc.subject.other	Industrial economics	en
dc.subject.other	Investments	en
dc.subject.other	Marketing	en
dc.subject.other	Surface properties	en
dc.subject.other	Warehouses	en
dc.subject.other	Storage capacity	en
dc.subject.other	Underground warehousing	en
dc.subject.other	Tunneling (excavation)	en
dc.subject.other	excavation	en
dc.subject.other	room and pillar method	en
dc.subject.other	underground construction	en
dc.subject.other	underground storage	en
dc.subject.other	Athens [Attica]	en
dc.subject.other	Attica	en
dc.subject.other	Eurasia	en
dc.subject.other	Europe	en
dc.subject.other	Greece	en
dc.subject.other	Southern Europe	en
dc.title	Construction, storage capacity and economics of an underground warehousing - Logistics center in Athens, Greece	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/j.tust.2003.11.004	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.tust.2003.11.004	en
heal.language	English	en
heal.publicationDate	2004	en
heal.abstract	Interest in underground development is gaining ground in Greece, particularly in Athens, and is driven mainly by the sorely high land prices and the lack of adequate surface space. This paper focuses on the design of an underground Warehousing - Logistics Center (WLC) in the wider metropolitan area of Athens; the center is developed using the room and pillar mining method. The main concept of the paper is that creating an underground space that can host a particular use is not enough, especially in countries attempting their first steps in underground development. The key point is to prove that such underground facilities can be as functional as a respective surface one and at the same time be economically competitive. Based on this, the underground WLC's layout, storage capacity and operational issues were thoroughly examined. The paper provides cost data regarding the construction cost, as well as the development cost. Furthermore, the project was evaluated by means of an investment plan using the NPV and IRR criteria taking into account the selling of the produced aggregates on the market. The results of the analysis not only underline the feasibility of the plan, but also render it a very attractive investment. © 2003 Elsevier Ltd. All rights reserved.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	Tunnelling and Underground Space Technology	en
dc.identifier.doi	10.1016/j.tust.2003.11.004	en
dc.identifier.isi	ISI:000189232000005	en
dc.identifier.volume	19	en
dc.identifier.issue	2	en
dc.identifier.spage	165	en
dc.identifier.epage	173	en