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Record W2726377482 · doi:10.1504/ijids.2017.10005874

A new model for estimation of project total cost in construction projects

2017· article· en· W2726377482 on OpenAlexaff
Mohammad Mahdi Asgari Dehabadi, Mostafa Salari

Bibliographic record

VenueInternational Journal of Information and Decision Sciences · 2017
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicValue Engineering and Management
Canadian institutionsUniversity of Calgary
Fundersnot available
KeywordsEstimationCost estimateComputer scienceProject managementCost overrunBusinessOperations managementOperations researchConstruction industryConstruction engineeringEconomicsSystems engineeringMathematicsEngineering

Abstract

fetched live from OpenAlex

This paper presents a new framework for the cost estimation of construction projects concerning the significant issues that contractors may face through the life cycle of the projects. The proposed approach is basically constructed on the basis of cost estimation process in the earned value management (EVM) technique. However, it attempts to resolve the present shortcomings in EVM estimation process and take into the consideration the cost-related issues so-called financial issues such as delay in client payment, and the time value of money. Furthermore, in order to cope with the uncertain conditions of real situations, the presented model takes the advantage of fuzzy sets theory which is a well-known method in dealing with the situations where the uncertainty arises. The proposed approach not only extends the theoretical framework of EVM but also gives a real insight into the project future performance. Finally, ten illustrative cases related to construction projects are provided to compare the obtained results of proposed model with the results of the EVM estimation process and to demonstrate how the model can be implemented in real projects.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.004
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.018
Threshold uncertainty score0.035

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0020.004
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0020.003
Science and technology studies0.0010.001
Scholarly communication0.0030.003
Open science0.0040.001
Research integrity0.0020.002
Insufficient payload (model declined to judge)0.0040.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.049
GPT teacher head0.336
Teacher spread0.287 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2017
Admission routes1
Has abstractyes

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