• Journal of the Korea Institute of Building Construction
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• v.15 no.3
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• pp.307-316
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• 2015

As there are a lot of differences in the public building construction cost depending on the construction scale of actual construction cost system, a lot of problems occur in the estimation of the cost. So, the development of a predictive model depending on the construction scale shall be used in a way that it is applied to the case selectively and differently. This study drew a cost estimating model through a regression analysis. For this, 42 construction sites which were ordered during 2011 to 2012 by Public Procurement Service data were selected as a historical data. Based on the application of the model to new construction and the verification of its effect, the reasonable model for estimating the construction cost has been suggested.

• 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.

• Korean Journal of Construction Engineering and Management
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• v.11 no.6
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• pp.3-13
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• 2010

The purpose of this research is to develop a conceptual model that establishes a new approach for functional area cost estimating in the schematic design phase. A cost estimating model should consider not only the estimate accuracy, but also the flexibility to the design alternatives and user-oriented serviceability. Therefore, this research uses the method that classifies various facilities of a building according to its functions by analyzing historical data. After setting the functional area as cost parameter, a formula which can estimate functional area cost is derived from statistical analysis. Finally, to validate the proposed conceptual model, it is applied to historical data of a military barrack project. It enables customized space planning reflecting client's needs and compares the cost of various design alternatives as well as improves estimate accuracy.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2008.11a
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• pp.159-165
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• 2008

For deciding the profitability and feasibility of the construction project, the schematic estimation has to not only link the design decision-making but also estimate the cost with reliability. The Object-based schematic estimation system was developed for easily linking with design-making and supports to evaluate the design alternatives in the design development stage but didn't consider the cost estimated by object supplementary and parameter work item. This research presents the Integrated Object-Parameter Schematic Estimation Model in the design development stage that can lead to more accurately estimate the cost through analyzing historical data from the high-storied office buildings. For the development of the proposed model for schematic estimation, after analyzing and classifying the work items from the Bills of Quantities(BOQs) and drawings of historical data, this research proposed the methods of estimating cost in accordance with attributes of each work item using regression analysis. In addition, a case study is performed for the effectiveness as comparing the proposed model with the previous estimating model.

• Journal of the military operations research society of Korea
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• v.36 no.1
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• pp.29-38
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• 2010

In Korea weapon system acquisition processes, it's required a cost estimation report obtained from a commercial cost model. The PRICE model is generally used as a cost estimation model in Korea. However, the model uses American historical R&D data and it's output cost component is different from our cost component of defense accounting system. Also, we found that estimating results show about 10% of difference when we comparing with actual costs in 44 finished weapon acquisition projects. There are some limitations in calibration to increase an accuracy of the PRICE model because it's difficult obtain good real input data, detailed cost and technical data in low level WBS. So, only 8% of the defense R&D projects are calibrated and validation of calibration results is more difficult. Therefore, we studied the standard calibration process and performed the calibration about the MCPLXS/E parameters of the PRICE model based on actual cost data. In order to obtain a good calculation result, we collected the actual material costs from the defense industry companies. Our results can be used for an reference in similar weapon system R&D and production cost estimation cases.

• Korean Journal of Construction Engineering and Management
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• v.7 no.3 s.31
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• pp.149-158
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• 2006

For construction projects, it is required to estimate the Environmental Management Cost(EMC) for pollution prevention, using the calculation standards prescribed in the Construction Technology Management Law(CTML). However, the EMC standards are difficult to utilize without definite site information. Therefore, it is needed a new calculation method reflecting project site information. According to the definition of EMC in the CTML, this study identifies the EMC items and classifies them into the pollution types such as air, water, noise, waste and others. With this EMC classification, the stud:』 analyzes using the SPSS the EMC for the 78 new multi-housing projects, which were executed during the past three years, 2000-2002. And then an EMC estimating matrix is developed with simple information such as site location and size of area from historical data. The proposed matrix can be effectively used to check and control budgeting and estimating the EMC of the multi-housing projects. In addition, the proposed EMC matrix are validated through a case study.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.468-471
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• 2001

The importance of early project planning is broadly recognized for construction projects. From the planning step, If extensive historical data related with the project is applied effectively, It can be major resource for estimating cost and project scope. However, The accumulation, analysis, and application of historical data is not sufficient in Korea. So useful information of construction project has disappeared. In order to solve the problems, Project Historical Data Management Systems is need to be developed. The purpose of this study is to analyze current problems and to find the method to utilize historical data in similar project.

• Journal of KIBIM
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• v.1 no.1
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• pp.18-25
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• 2011

Construction cost estimation in the early phase provides the opportunity to make reasonable decisions related to the project. For estimating this cost, various methods have been developed. But several problems have been recognized like accuracy, relation beteewn design and cost etc. In this study, we developed the method of cost estimating for building parts. The modified method has defferent ratio of space functions to calculate cost more correctly. Also historical cost data is used in this modified method for architects to estimate cost conveniently. By this modified method, we expects architects should easily design buildings based on cost.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.224-227
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• 2004

As a project progresses, it is well known that construction manager has to define the contingency for the expected project cost, which is used as a buffer for uncertainty. In this study, we mention uncertainty as the amount of likelihood that is difficult or impossible to predict project cost. From the completed work package, we obtain the true cost value, and this information is technically good data for estimating the realistic contingency of work packages to be accomplished. Based upon this historical information, construction manager recomputes the contingency for the remaining works. Conditional probability theory is often useful for re-estimating one of the remaining project progress as the true cost of the completed works can be different from the planned cost. As a project is progressing, true value is really important to predict the realistic project budget and to decrease the uncertainty. In this study, we gave applied conditional probability theory to estimating project contingency supposing a project that consists of fire work packages, provide the fundamental framework for setting and controlling project contingency.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.261-266
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• 2007

In this research, we studied an estimating method in client's sight to estimate the total construction cost which is based on the historical cost data at the early stage of the office buildings as a public phase. It is very difficult to analyze the estimation accurately and logically. When a client estimates a project, he/she has to consider there are many issues at the planning step, according as office buildings become gradually diversified as well as their roles continuously extended. Therefore, those are usually make problems for wasting the budget in accordance with the cost estimation errors. Moreover, many kinds of public construction projects, especially such as school, office, sports complex, and the others, have been invested the private finances defined as BTL(Build Transfer Lease) method that are required to manage the detailed process more strictly from initial planning. In order to make an effective planning, the long-term users amount and the building life cycle at the beginning of project should be considered previously and then it may enable to achieve an appropriate project plan. But actually considering overall variables in a building planning is impossible. Accordingly, suggesting a regression model based on the historical cost data from many similar types of office building to support client's role known as estimating the total cost at the early stage. And then performing the test against the proposed model to research the reasonability as using the historical cost data of Japan office buildings.