• Title/Summary/Keyword: Historical data-based estimate system

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Development of Cost Estimate System Based on the Itemized Historical Data for Rural Improvement Projects (농어촌정비사업 공종별 실적공사비 적산시스템개발)

  • 김현영;이정재;김영기;오상원;전효묵
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.40 no.3
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    • pp.35-41
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    • 1998
  • Cost estimate system Will be changed from the prime. cost calculation to the historical cost data because the present system has some problems. In this situation, each owner should prepare his own cost estimate system based on the historical cost data. In this study, the standard work items were classified and the criteria of their work amount computation were established for rural improvement projects. And also the historical cost data were collected in all range of rural improvement projects, and the database system, "HICOMS" (HIstorical COst data Management System) was built. In order to test the applicability of the HICOMS, standard work cost and contractor cost were compared. The results by HICOMS showed high significance and it was concluded that the HICOMS could be applicable for the cost estimate of the rural improvement projects. projects.

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Analysis of Road Construction Projects' Escalation under Historical Data-Based Estimate System in Jeju (실적공사비가 적용된 제주도 도로공사의 물가변동률 영향 분석)

  • Hong, Jeong-Ho;Lee, Dong Wook
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.2
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    • pp.667-676
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    • 2014
  • This study has conducted case studies in order to suggest alternatives to the historical data-based estimate system. Price fluctuation calculation methods based on historial cost indexes, standard estimate and construction cost indexes were applied to 9 road construction sites in Jeju for an analysis. As a result, in 5 construction sites (about 56% of 9 sites), the index control rate calculated based upon historical data-based estimate system was higher than that calculated based upon standard estimate and construction cost indexes. Thus the establishment of the requirements for the adjustment of contract price due to price fluctuation delays, which leads to a significant difference in price fluctuation amount. And, in an analysis of construction cost indexes, the indexes for road construction were used for calculating index control rate which ranges from 2.0 to 9.4 percent, indicating the time of construction amount and price fluctuation application has a significant influence on index control rate.

A Study on the Construction Cost Estimating System based on Historical Data in Apartment Housing (실적공사비 산정시스템에 관한 연구 - 공동주택을 중심으로 -)

  • Jun, Seok-Han;Choi, In-Sung
    • Journal of the Korea Institute of Building Construction
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    • v.5 no.1 s.15
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    • pp.111-121
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    • 2005
  • This study purposed to derive a model to estimate appropriate construction costs for the application of the estimation system based on historical construction data. For this purpose, it analyzed data ($1999\sim2004$) on the construction costs of reinforced concrete apartments (Long-Lamina-type apartments), which have been highly standardized and have a lot of relevant objective data using statistical analysis techniques and developed an estimation model.

Developing an R&D CER Using Historical Defense Weapon System Data in Korea (한국 무기체계 개발 실적을 고려한 연구개발 비용추정관계식 개발)

  • Eo, Won-Jae;Lee, Yong-Bok;Kang, Sung-Jin
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.33 no.3
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    • pp.55-62
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    • 2010
  • Currently, cost estimation is very important to the government acquisition programs to support decisions about funding and to evaluate resource requirement as key decision points. Parametric cost estimating models have been used extensively to obtain appropriate cost estimates in early acquisition phase. However, they have many restrictions to ensure the cost estimating result in Korean defense environment because they are developed in the U.S.A. environment. In order to obtain a good R&D cost estimate, developing our own CERs (Cost Estimation Relationships) using historical R&D data is essential. Nevertheless, there has been little research to develop our own CERs. In this research, we established a CER development process and found some cost drivers in the historical movement weapon system R&D data. The R&D CER is developed using the PCR(Principle Component Regression) method to remove multicollinearity among data and to overcome the restriction of the insufficient number of sample. At least, this research is meaningful as a first attempt in terms of defining the CER development process and obtaining our own R&D CER based on the historical data in Korean weapon system R&D environment.

Development of a Cost Index for Site Developing Project (단지조성공사용 공사비 지수의 개발)

  • Bae Keon;Lee Tai-Sik;Park Jong-Hyun;Lee Won-Yong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.423-426
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    • 2002
  • The foundation for developing a cost estimation system based on historical data has been being prepared in Korea. Historical data is a priori of developing a cost estimation model. Cost Index, one of the historical data, is used to estimate construction cost and to adjust the amount of contract money in the foreign country, whereas it is not used in domestic except for the road construction project in Korea. Construction cost indices can be used by an estimator in tender analysis, pricing, price adjustment, cost planning, and forecasting. In this regards, this paper identified the problems in developing Cost Index evaluation process by comparing the standard of framing Cost Index used in British to the one used in Korea. Then, the scheme for improving a Cost Index required for Site Developing Construction was proposed. Twenty-two cases of engineering estimate data were used to compare the domestic standard to the foreign one in deriving a Cost Index.

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Object-Parameter Integrated Schematic Estimation Model for Predicting Office Building Interior-finishing Costs (오브젝트-파라미터 통합 오피스 마감공사비 개산견적 모델)

  • Park, Sung-Ho;Koo, Kyo-Jin;Park, Sung-Chul
    • 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.

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Object & Parameter based Schematic Estimation Model for Predicting Cost of Building Interior finishings (오브젝트-파라미터기반 건축마감공사비 개산견적 모델)

  • Koo, Kyo-Jin;Park, Sung-Ho;Park, Sung-Chul;Song, Jong-Kwan
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.6
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    • pp.175-184
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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 prototype-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 parameter and additional work items by users. This research presents the object-parameter based schematic estimation model in the design development stage that can lead to accurately estimate the cost by using 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. In addition, a case study is performed for the effectiveness as comparing the previous estimating method with the proposed model.

Drought Monitoring with Indexed Sequential Modeling

  • Kim, Hung-Soo;Yoon, Yong-Nam
    • Korean Journal of Hydrosciences
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    • v.8
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    • pp.125-136
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    • 1997
  • The simulation techniques of hydrologic data series have develped for the purposes of the design of water resources system, the optimization of reservoir operation, and the design of flood control of reservoir, etc. While the stochastic models are usually used in most analysis of water resources fields for the generation of data sequences, the indexed sequential modeling (ISM) method based on generation of a series of overlapping short-term flow sequences directly from the historical record has been used for the data generation in the western USA since the early of 1980s. It was reported that the reliable results by ISM were obtained in practical applications. In this study, we generate annual inflow series at a location of Hong Cheon Dam site by using ISM method and autoregressive, order-1 model (AR(1)), and estimate the drought characteristics for the comparison aim between ISM and AR(1).

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Spatiotemporal Pattern Mining Technique for Location-Based Service System

  • Vu, Nhan Thi Hong;Lee, Jun-Wook;Ryu, Keun-Ho
    • ETRI Journal
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    • v.30 no.3
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    • pp.421-431
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    • 2008
  • In this paper, we offer a new technique to discover frequent spatiotemporal patterns from a moving object database. Though the search space for spatiotemporal knowledge is extremely challenging, imposing spatial and timing constraints on moving sequences makes the computation feasible. The proposed technique includes two algorithms, AllMOP and MaxMOP, to find all frequent patterns and maximal patterns, respectively. In addition, to support the service provider in sending information to a user in a push-driven manner, we propose a rule-based location prediction technique to predict the future location of the user. The idea is to employ the algorithm AllMOP to discover the frequent movement patterns in the user's historical movements, from which frequent movement rules are generated. These rules are then used to estimate the future location of the user. The performance is assessed with respect to precision and recall. The proposed techniques could be quite efficiently applied in a location-based service (LBS) system in which diverse types of data are integrated to support a variety of LBSs.

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DATA MININING APPROACH TO PARAMETRIC COST ESTIMATE IN EARLY DESIGN STAGE AND ANALYTICAL CHARACTERIZATION ON OLAP (ON-LINE ANALYTICAL PROCESSING)

  • JaeHo Cho;HyunKyun Jung;JaeYoul Chun
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.176-181
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    • 2011
  • A role of cost modeler is that of facilitating design process by the systematic application of cost factors so as to maintain sensible and economic relationships between cost, quantity, utility and appearance. These relationships help to achieve the client's requirements within an agreed budget. The purpose of this study is to develop a parametric cost estimating model for the early design stage by using the multi-dimensional system of OLAP (On-line Analytical Processing) based on the case of quantity data related to architectural design features. The parametric cost estimating models have been adopted to support decision making in the early design stage. These models typically use a similar instance or a pattern of historical case. In order to effectively use this type of data model, it is required to set data classification and prediction methods. One of the methods is to find the similar class in line with attribute selection measure in the multi-dimensional data model. Therefore, this research is to analyze the relevance attribute influenced by architectural design features with the subject of case-based quantity data used for the parametric cost estimating model. The relevance attributes can be analyzed by Analytical Characterization. It helps determine what attributes to be included in the OLAP multi-dimension.

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