• Title/Summary/Keyword: Cost Model Index

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A Study on Development of Cost Index Model for Military Facilities Construction (군 시설공사의 공사비지수 개발에 관한 연구)

  • Park Jong-Won;Son Bo-Sik;Lee Hyun-Soo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.256-260
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    • 2004
  • As a large portion of defence budget are alloted for military facility construction, reasonable budget estimation in the planning stage has been officers' main concerns. However the proper estimation of construction cost is difficult to be carried out due to the absence of systematic criteria. To improve the budget estimation for military facility construction, this study proposes a cost index model which can convert historical cost to current cost. Thus the developed cost index would enhance effectiveness of budget estimation process 3nd support reasonable decision making. This cost index model is developed by analyzing historical cost data with statistical methodology The study is executed by following process. First, factors which affect construction cost for the most are selected by analyzing historical cost data. second, the selected factors are categorized material cost, labor cost and equipment cost, and weights of those factors are calculated by dividing the cost of each factor by total item costs. Last, cost index is developed by using weighted average method.

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A Standard Section-Based Approximate Cost Estimating Model on Tunnel (II) - Cost Variance Index Table and Test - (표준단면을 이용한 터널 공사비 예측모델 개발 (II) - 공사비 변동 모델 및 검증 -)

  • Cho, Jeongyeon;Kim, Sang-Kwi;Kim, Kyoungmin;Kim, Kyong Ju
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.28 no.5D
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    • pp.677-684
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    • 2008
  • The paper provides an approximate cost estimating model that can be used for tunnel. Based on the previous study analyzed critical factors that have impact on tunnel construction cost, this paper establishes a cost variance index table that reflects the cost impacts due to the change of the critical cost factors. An estimating procedure is described utilizing the index table. For the verification of the suggested model, the comparison of the estimated construction cost with real project cost is performed. The estimated results range from 95%~111% of the real project costs. As an approximate tunnel cost estimating model, the model can be utilized to quickly estimate tunnel construction costs based on the conceptual information at the planning stage and to efficiently make a decision on design alternatives.

Forecasting of building construction cost variation using BCCI and it's application (건축공사비지수를 이용한 건설물가 변동분석 및 공사비 실적자료 활용방안 연구)

  • Cho Hun Hee;Kang Kyung In;Kim Chang Duk;Cho moon Young
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.64-71
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    • 2002
  • This research developed construction cost forecasting model using Building Construction Cost Index, time series analysis and Artificial Neural Networks. By this model, we could calculate the forecasted values of construction cost precisely and efficiently. And we also could find out that the standard deviation of forecasted values is 0.375 and it is a very exact result, so the standard deviation is just 0.33 percent of 112.28, the average of Building Construction Cost Index. And it show more exact forecasting result in comparison with Time Series Analysis.

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Analysing Construction Cost Index Fluctuation on Apartment Housing (공동주택 건설공사비지수의 변동추세 분석)

  • Park, Won-Young;Park, Tae-Il
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.05a
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    • pp.226-227
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    • 2019
  • The basic type construction cost which is the base of the building cost estimation is being adjusted according to the price changes by utilizing the apartment construction cost index in order to flexibly operate it. In this study, we analyzed the change trends and characteristics of the housing cost index for the basic type building cost model project operated from September, 2012 to March, 2018. As a result, the increase in material costs is slight while the share of the labor cost increased in the construction cost due to the rise of labor unit price, leading to a perceived increase in sensitivity of labor costs. We should be careful to keep the sensitivity of the material cost and the labor cost to an appropriate level so that the index may not be distorted.

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Case Study on Development of Residential Building Cost Index Compilation Model (주택원가지수 산정모델 작성 사례연구)

  • Cho Hun-Hee;Lee Yoo-Seob;Kang Tai-Kyung
    • Korean Journal of Construction Engineering and Management
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    • v.4 no.4 s.16
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    • pp.220-226
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    • 2003
  • The Residential Building Cost Index which presents price variation of construction resources required in a residential building project in single value, has been compiled to evaluate appropriate level of the price variation. This research reviewed the compilation methodology for Residential Building Cost Index based on comparative analysis on domestic statistics and proposed the Residential Building Cost Index through a variety of case studies. It would facilitate monitoring the price variation of a residential building cost and contributes to enhancing the applicability of construction cost data.

Time Series Analysis and Development of Forecasting Model in Apartment House Cost Using X-12 ARIMA (X-12 ARIMA를 이용한 아파트 원가의 변동분석 및 예측모델 개발)

  • Cho, Hun-Hee
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.6 s.28
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    • pp.98-106
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    • 2005
  • The construction cost index and the forecasting model of apartment house can be efficient for evaluating the validness of the fluctuating price, and for making guidelines for construction firms when calculating their profit. In this study the previous construction cost index of apartment house was improved, and the forecasting model based on X-12 ARIMA was developed. According to the result, during the last five years the construction cost, excluding labor expense, has risen approximately to 22.7%. And during next three years, additional 16.8% rise of construction cost is expected. Those quantitative results can be utilized for evaluating the apartment house's selling price in an indirection, and be helpful to understand the variation pattern of the price.

A Study on the Maintenance Cost Estimation Model for Application Software by Considering Risks (위험을 고려한 응용소프트웨어의 유지관리비용 산정모델에 관한 연구)

  • Jeong, Hyung Jong;Koo, Eun Young;Han, Kyeong Seok
    • Journal of Information Technology Services
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    • v.14 no.3
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    • pp.67-84
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    • 2015
  • Software is more diverse and complex and the level of importance for the maintenance of application software to securely operate software is also gradually increasing in proportion. The calculation method for maintenance cost of application software applied in Korea public enterprises is involved in the range of 10 to 15% of development cost, depending on the Software Project Cost Estimation Guide. Moreover, as most software maintenance cost estimation procedures do not take into consideration of the risk factors related of maintenance, it can be seen as a main cause for the occurrence of maintenance related accidents. This study proposes a maintenance cost estimate model that takes into consideration of the risks related to the software maintenance activities to improve and resolve issues arising from the estimation of maintenance cost. In doing so, maintenance risk factors are analyzed and a risk index is derived through the analysis of risk levels based on the risk factors. Based on such analysis, a maintenance cost estimate method which reflects the maintenance risk index was established.

A Learning Algorithm for Optimal Fuzzy Control Rules (최적의 퍼지제어규칙을 얻기위한 퍼지학습법)

  • Chung, Byeong-Mook
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.20 no.2
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    • pp.399-407
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    • 1996
  • A fuzzy learning algorithm to get the optimal fuzzy rules is presented in this paper. The algorithm introduces a reference model to generate a desired output and a performance index funtion instead of the performance index table. The performance index funtion is a cost function based on the error and error-rate between the reference and plant output. The cost function is minimized by a gradient method and the control input is also updated. In this case, the control rules which generate the desired response can be obtained by changing the portion of the error-rate in the cost funtion. In SISO(Single-Input Single- Output)plant, only by the learning delay, it is possible to experss the plant model and to get the desired control rules. In the long run, this algorithm gives us the good control rules with a minimal amount of prior informaiton about the environment.

Improvement of Construction Cost Index against the Change of National Basic Statistic (국가 기초 통계자료 환경변화에 따른 건설공사비지수 개선)

  • Kang, Taikyung;Baek, Seung-Ho;Kim, Chang-Won;Cho, Hunhee
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.4
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    • pp.21-29
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    • 2015
  • Construction cost index (CCI) has been published for last 10 years, it's contributed to update the historical cost data, analysis cost fluctuation and evaluate the market price for construction works with direct or indirect manner. CCI is a secondary or processed statistics using the basic statistics of input output table (IO table) and producer price index (PPI) from the Bank of Korea (BOK). So once the basic statistics change, it is required to modify the calculating model of CCI. Recently the BOK changed some fundamental principles and the base year (from 2005 to 2010), that can be used in IO table and PPI. This research analyzed the recent revision of basic statistics and their impacts on CCI, and improved the previous CCI model in response to it. Also the validity of new CCI was verified by analyzing the items and weights utilized in CCI and comparing the related index.

Cost Model of Index Structures for Moving Objects Databases (이동체 데이터베이스를 위한 색인 구조의 비용모델)

  • Jun, Bong-Gi
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.11 no.3
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    • pp.523-531
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    • 2007
  • In this paper, we are going to develop a newly designed indexing scheme which is compatible to manage the moving objects and propose a cost model of the scheme. We propose a dynamic hashing index that insertion/delete costs are low. The dynamic hashing structure is that apply dynamic hashing techniques to combine a hash and a tree to a spatial index. We analyzed the dynamic index structure and the cost model by the frequent position update of moving objects and verified through a performance assessment experiment. The results of our extensive experiments show that the newly proposed indexing schemes(Dynamic Hashing Index) are much more efficient than the traditional the fixed grid and R-tree.