• Title/Summary/Keyword: estimate cost

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Estimating software development cost using machine-learning approach (학습이론을 이용한 소프트웨어 개발비 예측 모형)

  • Park, Chan-Kyoo
    • 한국IT서비스학회:학술대회논문집
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    • 2005.11a
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    • pp.345-355
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    • 2005
  • As the portion of information systems(IS) budget to the total government budget becomes greater, the cost estimation of IS development and maintenance projects is recognized as one of the most important problems to be resolved for quantitative and efficient management of IS budget. The primary concern in the cost estimation of IS projects is to estimate software development cost. In this paper, we propose a new method to estimate software cost using support vector regression(SVR), which has attracted considerable attention because of its good performance and theoretical clearness. The paper is the first study which apply SVR to software cost estimation.

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Estimation of Users' Waiting Cost at Container Terminals in Northern Vietnam

  • Duc, Nguyen Minh;Kim, Sung-June;Jeong, Jung-Sik
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2017.11a
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    • pp.27-29
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    • 2017
  • Container terminals in Northern Vietnam have recorded an impressive development in recent years. This development, however, also raises a fierce competition among local container terminals to attract customers. Beside the handling charges, the vessels' waiting cost is also an important factor that drive the opinion of users in choosing appropriate terminal. This research plans to estimate the waiting cost in different container terminals in Northern Vietnam by building regression equation that describe the relationship between the rate of throughput/capacity and waiting cost/TEU. Queuing theory with the application of Poisson distibution is used to estimate the waiting time of arrival vessels and uncertainty theory is applied to estimate the vessel's daily expenses. Previous studies suggested two different formation of the equation and according to the research results, cubic equation is more suitable in the given case. The research results are also useful for further research which require calculation of waiting cost per TEU in each container terminal in Northern Vietnam.

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A STUDY ON DURATION ESTIMATE METHOD USING STOCHASTIC MODEL IN THE BIM ENVIRONMENT

  • Jae H. Park;Seok H. Yun;Joon H. Paek
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1209-1215
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    • 2009
  • Recently, Construction Projects are being much bigger and more complex. So the importance of Construction Planning and Management is increasing and increasing because of the Construction Projects is involved in a variety of construction-related subjects. Competitive of the Construction Industry decided Cost, Construction Duration and Productivity. But they were just focused on Cost Saving instead of Construction Duration and Productivity. However, they have to finish construction projects using minimum cost and duration with quality and function of required level for successful Construction projects. Thus, current high exchange rate and high period, it is clear to decrease construction cost and to do economic construction in huge Construction Projects and it means more advanced Construction Schedule Management needs for economic construction. But Construction Scheduling Planning, basic of Construction Schedule Management, adjusted contract period without Pre-Planning, just depending on experience and ability of Construction Engineer. Because of that, this study suggests new Duration Estimate Method using Stochastic Model in BIM Environment for advanced Construction Schedule Management. Existing Duration Estimate Methods are just modified wrong points of them or analyzed effective factors of construction schedule. However, New Duration Estimate Method is just consists of Stochastic Model and BIM Environment without existing Duration Estimate Methods. So, new method has creativity and specialty. After this research, it would be a great model in construction industry field.

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A Study on Cost Estimate for Building Parts in the Schematic Design Phase -Focusing on Educational Research Facility- (부분별 코스트산정법을 활용한 계획설계 비용예측에 관한 연구 - 교육연구시설을 중심으로 -)

  • Kim, Yo-Han;Lee, Baek-Rae;Kim, Ju-Hyung;Kim, Jae-Jun
    • 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.

Estimated Food Cost to Maintain Basic Living Expenditure (기본생계비를 위한 식품비 산정에 관한 연구)

  • Mun, Hyeon-Gyeong
    • Journal of the Korean Dietetic Association
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    • v.4 no.2
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    • pp.245-253
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    • 1998
  • In this study, the food cost for the urban worker's living expenses was estimated for the Korea Labor Union. The urban workers living expenses are minimum of healthy and decency level expenses with allowances for minimum quality of life. Thus, the food cost should be enough for purchasing proper kinds and amount of foods which can supply sufficient nutrient to maintain health and which should reflect current food consumption patterns. To estimate the food cost, the Korean Recommended Dietary Allowances was used to calculate the amount of nutrients which should be supplied. The National nutrition survey and the Food balance sheet, were used to estimate the current consumption patterns for the kind and amount of food. To estimate price for each food item, the market survey was executed in six large cities. Also, to verify the estimated food cost, actual food costs were surveyed. For 5 kinds of model household, dietary allowances were calculated for the each nutrient. Using the Korean food guides, the number of serving for each food group were decided for the model households. In each food group, the amount and kind of foods were decided by the current food consumption pattern. The kind and amount of food were adjusted by the amount of calculated nutrient. When the amount of nutrient was between 90% and 110% of the recommended dietary intake, it was accepted. With these amount and kinds of foods, the food cost were calculated using the market survey. Considering extra expenses for the eating-out and processed foods, extra expenses are added. As a results, for single person family, the estimated food cost was 149,210won per month. For two, three, four and five person family, the estimated food costs were 245,179won, 381,182won, 501,669won and 687,980won per month, respectively. The estimated food cost were lower in the single and two person family than the actual food cost by the survey. The cost for eating-out gave major differences. In the future, to estimate food cost, the food consumption patterns for the different kind of household, sex and age should be studied carefully. Also, the pattern of eating-out should by analyzed.

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Optimal Design of PSC-I Girder Bridge Considering Life Cycle Cost (생애주기비용을 고려한 PSC-I형 교량의 최적설계)

  • Park, Jang-Ho;Shin, Yung-Seok
    • Journal of the Korean Society of Safety
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    • v.24 no.5
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    • pp.48-56
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    • 2009
  • This paper presents the procedure for the optimal design of a PSC-I girder bridge considering life cycle cost (LCC). The load carrying capacity curves for the concrete deck, PSC-I girder and $\pi$-type pier were derived and used for the estimate of service lives. Total life cycle cost for the service life was calculated as sum of initial cost, damage cost, maintenance cost, repair and rehabilitation cost, user cost, and disposal cost. The advanced First Order Second Moment method was used to estimate the damage cost. The optimization method was applied to the design of PSC-I girder bridge. The objective function was set to the annual cost, which is defined by dividing the total life cycle cost by the service life, and constraints were formulated on the basis of Korean Standards. The optimal design was performed for various service lives and the effects of design factors were investigated.

A Study on the Model of Artificial Neural Network for Construction Cost Estimation of Educational Facilities at Conceptual Stage (교육시설의 개념단계 공사비예측을 위한 인공신경망모델 개발에 관한 연구)

  • Son, Jae-Ho;Kim, Chung-Yung
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.4 s.32
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    • pp.91-99
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    • 2006
  • The purpose of this study is propose an Artificial Neural Network(ANN) model for the construction estimate of the public educational facility at conceptual stage. The current method for the preliminary cost estimate of the public educational facility uses a single-parameter which is based on basic criteria such as a gross floor area. However, its accuracy is low due to the nature of the method. When the difference between the conceptual estimate and detailed estimate is huge, the project has to be modified to meet the established budget. Thus, the ANN model is developed by using multi-parameters in order to estimate the project budget cost more accurately. The result of the research shows 6.82% of the testing error rates when the developed model was tested. The error rates and the error range of the developed model are smaller than those of the general preliminary estimating model at conceptual stage. Since the proposed ANN model was trained using the detailed estimate information of the past 5 years' school construction data, it is expected to forecast the school project cost accurately.

Integrating Deep Learning with Web-Based Price Analysis to Support Cost Estimation

  • Musa, Musa Ayuba;Akanbi, Temitope
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.253-260
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    • 2022
  • Existing web-based cost databases have proved invaluable for construction cost estimating. These databases have been utilized to compute approximate cost estimates using assembly rates, unit rates, and etc. These web-based databases can be used independently with traditional cost estimation methods (manual methods) or used to support BIM-based cost estimating platforms. However, these databases are rigid, costly, and require a lot of manual inputs to reflect recent trends in prices or prices relative to a construction project's location. To address this gap, this study integrated deep learning techniques with web-based price analysis to develop a database that incorporates a project's location cost estimating standards and current cost trends in generating a cost estimate. The proposed method was tested in a case study project in Lagos, Nigeria. A cost estimate was successfully generated. Comparison of the experimental results with results using current industry standards showed that the proposed method achieved a 98.16% accuracy. The results showed that the proposed method was successful in generating approximate cost estimates irrespective of project's location.

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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.

Consideration on the Creation of Construction Cost by Calculating the Quantity at the Planning Design Stage - Focusing on Construction Cost Management Vases and Work Methods - (초기 설계단계에서 개산 견적의 수량산출에 의한 건축공사비 작성에 대한 고찰 - 공사비 관리 사례 및 작업 방법을 중심으로 -)

  • Hyun, Dong-Myung;Jeon, SangHoon
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.05a
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    • pp.329-330
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    • 2021
  • The calculation of the correct construction value in the construction should be investigated after the quantity is calculated. In order to calculate the quantity requires a lot of cost and time, and the initial accurate quantity calculation is not possible. Therefore, in the planning step in order to successfully complete the project to demonstrate the practicality of the difference between the construction cost by the construction design by presenting a method for calculate the quantity through the estimate with the construction open, floor plan, surface view, section.

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