• Title/Summary/Keyword: Cost Estimating

Search Result 917, Processing Time 0.032 seconds

Methodology of data analyses under presence of outliers for estimating construction cost (공사비 예측시 이상값 존재하에서 데이터 처리 분석 방안)

  • O, Se-Dae;Huh, Young-Ki
    • KIEAE Journal
    • /
    • v.7 no.3
    • /
    • pp.31-37
    • /
    • 2007
  • Statistical analyses with actual data are used in estimating construction cost for many years, but collected data could include factors that distort analytical results, namely outliers. To enhance reliability in predicting construction cost, the methodology, which is able to identify outliers and determine how to manage them, is needed. Actual costs obtained from 22 construction projects were studied. It is found that there is substantial disparity between results considering outliers and results not considering ones. Therefore, it is to identify outliers and apply an optimum process in estimating construction cost when actual data is used in statistical analysis.

A Study on the Analysis of the Cost-Effectiveness for the New Generation Multiple Launcher Rocket System Using AHP & Parametric Estimating (AHP & 모수추정법을 이용한 차기 다련장로켓의 비용대 효과분석)

  • Cho, Ki-Hong
    • Journal of the Korea Institute of Military Science and Technology
    • /
    • v.13 no.1
    • /
    • pp.84-90
    • /
    • 2010
  • Korean army currently considers the development of the new generation MLRS(Multiple Launcher Rocket System) as a new alternative, which responses on the renovation of the artillery and future battlefield environment. This study suggests that it presents cost-effectiveness of MLRS based on the Analytic Hierarchy Process and Parametric Estimating(PRICE H). According to this study, the cost-effectiveness of new generation MLRS presented that alternative A is 2.30 times and alternative B is 1.70 times, which are better than currently operating M270A1. Therefore, The best acquisition is alternative A that launcher is carried on currently operating 10ton standard truck but final acquisition alternative should be politically decided to consider viability of operator, performance and the latest of equipment.

A Study on the Estimating Process for Life Cycle Cost based on BIM (BIM기반 Life Cycle Cost 산정을 위한 프로세스에 관한 연구)

  • Lee, Hyun-Joo;Moon, Joon-Ho;Park, Gyu-Tae;Kim, Tae-Hee;Kim, Kwang-Hee
    • Proceedings of the Korean Institute of Building Construction Conference
    • /
    • 2011.05a
    • /
    • pp.149-151
    • /
    • 2011
  • Recently, Architectural Design based on Building Information Modeling(BIM) is popular, construction management based on BIM is necessary. such as Quantity take off, scheduling, and Life Cycle Cost Estimating etc. Therefore, in the study, LCC Estimating using BIM Data, which is extracted from architectural designing process is proposed.

  • PDF

AN APPROXIMATE COST ESTIMATING MODEL FOR CONSTRUCTION PROJECTS

  • Daehee Lim;Seung-hoon Lee
    • International conference on construction engineering and project management
    • /
    • 2009.05a
    • /
    • pp.1242-1247
    • /
    • 2009
  • The sudden changes in the construction market and the progressively intensifying price wars have amplified the importance of the construction cost estimation in the initial and planning phases of construction projects. However the methodologies and process of estimating construction cost in the planning and design phase are not standardized in the domestic market, in contrast to the markets of more developed countries. Therefore this paper proposes a new approximate estimation model to be used from the initial stages of construction projects. This methodology that extracts, modifies and synthesizes comparable elements of previous cases. This will introduce the foundation for the implementation of systems with improved usability and applicability.

  • PDF

Development of Automation Technology for Structural Members Quantity Calculation through 2D Drawing Recognition (2D 도면 인식을 통한 부재 물량 산출 자동화 기술 개발)

  • Sunwoo, Hyo-Bin;Choi, Go-Hoon;Heo, Seok-Jae
    • Proceedings of the Korean Institute of Building Construction Conference
    • /
    • 2022.04a
    • /
    • pp.227-228
    • /
    • 2022
  • In order to achieve the goal of cost management, which is one of the three major management goals of building production, this paper introduces an approximate cost estimating automation technology in the design stage as the importance of predicting construction costs increases. BIM is used for accurate estimating, and the quantity of structural members and finishing materials is calculated by creating a 3D model of the actual building. However, only 2D basic design drawings are provided when making an estimating. Therefore, for accurate quantity calculation, digitization of 2D drawings is required. Therefore, this research calculates the quantity of concrete structural members by calculating the area for the recognition area through 2D drawing recognition technology incorporating computer vision. It is judged that the development technology of this research can be used as an important decision-making tool when predicting the construction cost in the design stage. In addition, it is expected that 3D modeling automation and 3D structural analysis will be possible through the digitization of 2D drawings.

  • PDF

A Contribution to the National Economy System of Unpaid Household Labor (무보수 가사노동의 국민경제에 대한 기여도 평가)

  • 문숙재;윤소영;김은희
    • Journal of the Korean Home Economics Association
    • /
    • v.40 no.10
    • /
    • pp.161-176
    • /
    • 2002
  • This study is a basic research for the estimation of the value of unpaid household labor within the national economy system to be reflected in the related policy-making. By measuring economic value of unpaid household labor and estimating the ration to GDP, this study attempted to confirm the productivity of the unpaid household labor and thus contribute to the improvement of socio-economic status of women. Especially, it focused on the development of a standard of estimating unpaid household labor as a method applicable to the present economic and legal system. To organize the method of economic valuation of unpaid household labor and calculate the ration to GDP, this study used three approaches: replacement cost method individual function, replacement cost method generalist and opportunity cost method. Although the estimated result revealed that the economic value of unpaid household labor showed a great extent of deviation according to the estimating methods and the wage rate, total value of household labor ranged from one hundred and thirty eight to two hundred and thirty trillion wens, about 28-48% of GDP in Korea.

A Cost Estimation Model for Highway Projects in Korea

  • Kim, Soo-Yong;Kim, Young-Mok;Luu, Truong-Van
    • Proceedings of the Korean Institute Of Construction Engineering and Management
    • /
    • 2008.11a
    • /
    • pp.922-925
    • /
    • 2008
  • Many highway projects are under way in Korea. However, owners frequently find that the project cost exceeds the budget and they are unable to identify the underlining reasons. The main purpose of this research is to develop cost models for transportation projects in Korea using the multiple linear regression (MLR). The data consist of 27 completed transportation projects, built from 1991 to 2001, The technique of multiple regression analysis is used to develop the parametric cost estimating model for total budget cost per highway square meter (TBC/$m^2$). Findings of the study indicated that MLR car be applied to highway projects in Korea. There are twf) major contributions of this research. (1) the identification of transportation parameters as a significant cost driver for transportation costs and (2) the successful development of the parametric cost estimating models for transportation projects in Korea.

  • PDF

A Methodology for Estimating Optimum Hardware Capacity E-learning System Development (E-러닝시스템 구축 프로젝트의 적정 하드웨어 산정방법론 연구)

  • Jung, Ji-Young;Baek, Dong-Hyun
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.34 no.3
    • /
    • pp.49-56
    • /
    • 2011
  • Estimating optimum hardware capacity of an e-learning system is very important process to grasp reasonable size of designing technique architecture and budget during step of ISP(information strategic planning) and development. It hugely influences cost and quality of the whole project. While investment on information system hardware has been continuously increased, there was no certified hardware capacity estimating method in e-learning system development. A guideline for hardware sizing of information systems was established by Telecommunication Technology Association in 2008. However, the guideline is not appropriate for estimating optimum hardware capacity of an e-learning system because it was designed to provide general standards for estimating hardware capacity of various types of projects. The purpose of this paper is to provide a methodology for estimating optimum hardware capacity in e-learning system development. To develop the methodology, this study, first of all, analyzes two e-learning development projects, in which the guideline was applied to estimate optimum hardware capacity. Then, this study finds out several key factors influencing on hardware capacity. Finally, this study suggests a methodology for estimating optimum hardware capacity of an e-learning system, in which weights for the factors are determined through AHP analysis.

A Study on Feasibility Analysis and Alternatives for Infrared Detector Development (적외선 검출기 개발가능성 및 대안분석 연구)

  • Min, Sung Ki;Kim, Chul Whan;Kim, Kyoung Su
    • Journal of the Korean Society of Systems Engineering
    • /
    • v.1 no.1
    • /
    • pp.1-13
    • /
    • 2005
  • The purpose of this paper analyze development feasibility and alternatives for infrared detector development in both technology and cost. Infrared Detector is core component of Thermal Imaging System and developed by ADD from 2006 10 2008 year. We got raw input data from development and technical expert, and then analyze cost and technology for development feasibility, and alternatives study. Technology level is analyzed by TRL(Technology Readiness Level) and AOA(Analysis of Alternatives) is done by development cost estimate. Estimating the development cost, we use SEER-H that is parametric cost estimating tool based on Knowledge Base. This study can help those who are related to the cost and development feasibility analysis of other weapon systems.

  • PDF

Prototype-based Cost Estimating Model for Building Interior Construction in Design Development Stage (프로토타입기반 기본설계단계 건축마감공사비 산정 모델)

  • Kim, Hae-Gon;Park, Sung-Chul;Hong, Tae-Hoon;Hyun, Chang-Taek;Koo, Kyo-Jin
    • Korean Journal of Construction Engineering and Management
    • /
    • v.8 no.4
    • /
    • pp.110-118
    • /
    • 2007
  • For deciding the owner's budget of the building construction in the predesign stage, the probabilistic methodologies for estimating the cost are often studied, however these parameter-based conceptual estimating methodology has limitation of applying it to the practical business because it hardly can link the design decision-making and the cost estimating and control. Besides if the result of detail estimating after detail design is over the budget, locally and arbitrarily control the level of interior design and fix the design. This research proposed the prototype-based cost estimating model for building interior construction which leads to estimate the interior cost easily linking with design decision-making and supports to evaluate the design alternatives in the schematic design and the design development stage for office buildings. The model divides the building on the design process by Element Breakdown Structure and presents the design alternative by selecting the elements of each room from the database accumulated the historical office buildings' prototypes and estimates the cost. The 2 case studies presented to validate the effectiveness of as the linking tool integrating the design and construction data and applicability to the practical design on the presented prototype-based model.