A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Early cost estimating for road construction projects using multiple regression techniques
The objective of this study is to develop early cost estimating models for road construction projects using multiple regression techniques, based on 131 sets of data collected in the West Bank in Palestine. As the cost estimates are required at early stages of a project, considerations were given to the fact that the input data for the required regression model could be easily extracted from sketches or scope definition of the project. 11 regression models are developed to estimate the total cost of road construction project in US dollar; 5 of them include bid quantities as input variables and 6 include road length and road width. The coefficient of determination r2 for the developed models is ranging from 0.92 to 0.98 which indicate that the predicted values from a forecast models fit with the real-life data. The values of the mean absolute percentage error (MAPE) of the developed regression models are ranging from 13% to 31%, the results compare favorably with past researches which have shown that the estimate accuracy in the early stages of a project is between ±25% and ±50%.
Early cost estimating for road construction projects using multiple regression techniques
The objective of this study is to develop early cost estimating models for road construction projects using multiple regression techniques, based on 131 sets of data collected in the West Bank in Palestine. As the cost estimates are required at early stages of a project, considerations were given to the fact that the input data for the required regression model could be easily extracted from sketches or scope definition of the project. 11 regression models are developed to estimate the total cost of road construction project in US dollar; 5 of them include bid quantities as input variables and 6 include road length and road width. The coefficient of determination r2 for the developed models is ranging from 0.92 to 0.98 which indicate that the predicted values from a forecast models fit with the real-life data. The values of the mean absolute percentage error (MAPE) of the developed regression models are ranging from 13% to 31%, the results compare favorably with past researches which have shown that the estimate accuracy in the early stages of a project is between ±25% and ±50%.
Early cost estimating for road construction projects using multiple regression techniques
Ibrahim Mahamid (author)
2011
Article (Journal)
Electronic Resource
Unknown
Metadata by DOAJ is licensed under CC BY-SA 1.0
Early cost estimating for road construction projects using multiple regression techniques
| DOAJ | 2011
Predicting Construction Cost Using Multiple Regression Techniques
| British Library Online Contents | 2006
Predicting Construction Cost Using Multiple Regression Techniques
| Online Contents | 2006
Early Cost Estimating of Road Tunnel Construction Using Neural Networks
| British Library Online Contents | 2012