arXiv (Cornell University) · 2011 · 27 citations · 0 references
ManagementConstruction ManagementProject ManagementConstruction EngineeringConstruction Project ManagementCost ManagementBuilding ConstructionConstruction EstimatingCost AnalysisCost EstimationOverhead Cost ManagementProject Cost ManagementBuilding Cost EstimationConstruction Cost ForecastingMachine Learning In ConstructionModel-based Cost EstimationNeural Network ModelingNeural Network PredictionParametric Cost EstimationParametric Estimating
Estimating of the overhead costs of building construction projects is an\nimportant task in the management of these projects. The quality of construction\nmanagement depends heavily on their accurate cost estimation. Construction\ncosts prediction is a very difficult and sophisticated task especially when\nusing manual calculation methods. This paper uses Artificial Neural Network\n(ANN) approach to develop a parametric cost-estimating model for site overhead\ncost in Egypt. Fifty-two actual real-life cases of building projects\nconstructed in Egypt during the seven year period 2002-2009 were used as\ntraining materials. The neural network architecture is presented for the\nestimation of the site overhead costs as a percentage from the total project\nprice.\n