• Transportation Technology and Policy
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• v.8 no.1
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• pp.15-27
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• 2011

• Korean Journal of Construction Engineering and Management
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• v.15 no.4
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• pp.68-76
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• 2014

The accurate estimation of construction cost is important to a successful development in construction projects. In previous studies, the construction cost are estimated by statistical methods. Among the statistical methods, support vector regression (SVR) has attracted a lot of attentions because of the generalization ability in the field of cost estimation. However, despite the simplicity of the parameter to be adjusted, it is not easy to find optimal parameters. Therefore, to build an effective SVR model, SVR's parameters must be set properly without additional data handling loads. So this study proposes a novel approach, known as genetic algorithm (GA), which searches SVR's optimal parameters, then adopt the parameters to the SVR model for estimating cost in the early stage of apartment housing projects. The aim of this study is to propose a GA-SVR model and examine the feasibility in cost estimation by comparing with multiple regression analysis (MRA). The experimental results demonstrate the estimating performance based on the percentage of estimations within 25% and find it can effectively do the accurate estimation without through the trial and error process.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1997.10a
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• pp.239-242
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• 1997

Subscriber network investment cost is a main cost element among those constituting the access charges in telephone networks. The purpose of this paper to estimate the investment cost of installing a subscriber network in a typical metropolitan area and to develop a cost modeling framework. To this aim, a metropolitan area in Seoul was investigated. The main cost elements were identified and their relationships with the cable technology, geographical characteristics, and the number of subscribers were analyzed. The findings could be used to design an enhanced cost proxy models for estimating the access charges in a multi-operator environment.

• Korean Management Science Review
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• v.23 no.2
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• pp.75-91
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• 2006

The purpose of this paper is to propose a new software development cost estimation method using SVR(Support Vector Regression) SVR, one of machine learning techniques, has been attracting much attention for its theoretic clearness and food performance over other machine learning techniques. This paper may be the first study in which SVR is applied to the field of software cost estimation. To derive the new method, we analyze historical cost data including both well-known overseas and domestic software projects, and define cost drivers affecting software cost. Then, the SVR model is trained using the historical data and its estimation accuracy is compared with that of the linear regression model. Experimental results show that the SVR model produces more accurate prediction than the linear regression model.

• Proceedings of the KSR Conference
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• 2007.05a
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• pp.735-742
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• 2007

To get competitiveness in international markets, it is essential to provide low acquisition, maintenance and operation cost with high reliability, availability and maintainability. It can be achieved by lowering development cost, making proper maintenance planning and scheduling strategies, allocating man power and logistic cost properly. In this paper, we introduces the research on making a model for estimating the life cycle cost of newly developing magnetic levitation train system in Korea. To develop a proper life cycle cost model, we broadly analyzed specs and standards and compared the life cycle cost model developed in other country. Finally, we suggests strategies to develop an unique model for the magnetic levitation train system developing in Korea.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.354-360
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• 2009

The demands for large-scale construction projects such as Mega-projects are largely increasing due to the rapid growth of increasing populations as well as the need to replace existing buildings and infrastructure. Increasing costs of materials, supplies, and labors require the first cost estimates at the preliminary planning stage to be as accurate as possible. This paper presents the results obtained from the survey on evaluating nine critical success factors that influence the accurate first cost estimates for large-scale projects from practical experiences. It then examines the current cost structures of construction companies for large-scale projects, followed by the causes for cost and schedule overrun. Twenty completed surveys were collected and the Analytic Hierarchy Process was applied to analyze the data. The results indicate that technology issues, the contract type, and social and environmental impacts are the significant leading factors for accurate first cost estimates of large-scale construction projects.

• International journal of advanced smart convergence
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• v.13 no.1
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• pp.12-22
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• 2024

Software applications have a huge and inseparable impact on our lives. The complexity of the applications increases rapidly to support high performance and multifunction. Accordingly, the cost model for applications is increasingly important. Line of Code (LOC) and Man-Month (M/M) as the cost model measure the quantitative sides of the applications. Unlike them, Function Point (FP) measures the functionalities of the application. FP is efficient for estimating qualitative characteristics, but it is restricted to measuring the cost of an application using the wireless data broadcast which can support any number of clients. In this paper, we propose, a Function Point model for Information services using wireles data Broadcast (FPIB) to measure the development cost of an application that serves using the wireless data broadcast environment. FPIB adopts critical parameters of the wireless broadcast environment and the complexity of them to measure effectively the cost developing the application. Through the evaluation comparing the proposed FPIB with FP, we reveal the effectiveness of the proposed FPIB.

• KIPS Transactions on Software and Data Engineering
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• v.2 no.11
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• pp.757-764
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• 2013

The estimation of maintenance cost of information system so far has been conducted centered on the ordering body, so the problem of provider's having to cover the cost due to small cost compared to the amount of work is not solved. This study is a base study for estimating the maintenance cost of information system centered on provider, and it deduces cost items of maintenance and suggests adjustment factors for adjusting the gap between the ordering body and provider regarding the maintenance cost. In order to deduce the cost items of maintenance, this study adds the activities of the provider for maintenance to the base study of cost factors regarding the existing maintenance activity, divides, and classifies them into the fixed cost and variable cost. In order to adjust the gap between the ordering body and provider regarding the maintenance cost, this study found the adjustment factors such as the code, utility, and components created by the automatic tool that was not included when estimating the maintenance cost centered on the ordering body. After examining and analyzing K Company's data of maintenance performance for three years, it confirmed that the gap regarding the adjustment factors was about 13% in case of K Company.

• Korean Journal of Construction Engineering and Management
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• v.10 no.3
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• pp.139-147
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• 2009

Accurate construction cost estimation in the initial stage of building project plays a key role for project success and for mitigation of disputes. Total construction cost(TCC) estimation of apartment projects in Vietnam has become more important because those projects increasingly rise in quantity with the urbanization and population growth. This paper presents the application of artificial neural networks(ANNs) in estimating TCC of apartment projects. Ninety-one questionnaires were collected to identify input variables. Fourteen data sets of completed apartment projects were obtained and processed for training and generalizing the neural network(NN). MATLAB software was used to train the NN. A program was constructed using Visual C++ in order to apply the neural network to realistic projects. The results suggest that this model is reasonable in predicting TCCs for apartment projects and reinforce the reliability of using neural networks to cost models. Although the proposed model is not validated in a rigorous way, the ANN-based model may be useful for both practitioners and researchers. It facilitates systematic predictions in early phases of construction projects. Practitioners are more proactive in estimating construction costs and making consistent decisions in initial phases of apartment projects. Researchers should benefit from exploring insights into its implementation in the real world. The findings are useful not only to researchers and practitioners in the Vietnam Construction Industry(VCI) but also to participants in other developing countries in South East Asia. Since Korea has emerged as the first largest foreign investor in Vietnam, the results of this study may be also useful to participants in Korea.

• Land and Housing Review
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• v.4 no.1
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• pp.99-105
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• 2013

Development Charge System was introduced in 1989 to recapture development gains, however, it has been revised more than 20 times since then. The reason for such frequent revisions was that estimating development cost was too composite and indefinite. Therefore it is required that estimating method of development cost should be simplified in order to minimize conflicts among diverse parties. To support the recent revision of 'Restitution and Development Gains Act', this study verified several alternatives of applying standardized costs per area under specific size of development and suggested policy implications. For analysis data, 9,362 Development Charge and cost data of si gun gu for recent 3 years were used. The results showed that dividing Seoul Metropolitan Area (SMA) and non-SMA made a significant difference and definite divisions among regional groups. The result of this study could minimize social conflicts as well as contribute in realizing the public concept of land policy by revising Development Charge System.