A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
A simple neoclassical production function model is used to determine the incremental cost of each floor as building height increases. This analytic method provides an alternative to earlier studies using computer simulation and more cumbersome attempts at measuring the cost variation directly. By modelling construction costs analytically, it is possible to identify and assess the impacts of particular variables more explicitly. There are two main findings. First, cost variation with building height is not only affected by technology; building design, demand and institutional factors also play important roles. Secondly, the model may be used to estimate construction cost variation with building height from readily available data. In this sense it is an improvement over previous methods using simulated or direct cost measurement.
A simple neoclassical production function model is used to determine the incremental cost of each floor as building height increases. This analytic method provides an alternative to earlier studies using computer simulation and more cumbersome attempts at measuring the cost variation directly. By modelling construction costs analytically, it is possible to identify and assess the impacts of particular variables more explicitly. There are two main findings. First, cost variation with building height is not only affected by technology; building design, demand and institutional factors also play important roles. Secondly, the model may be used to estimate construction cost variation with building height from readily available data. In this sense it is an improvement over previous methods using simulated or direct cost measurement.
Construction cost and building height
Tan, Willie (author)
Construction Management and Economics ; 17 ; 129-132
1999-03-01
4 pages
Article (Journal)
Electronic Resource
English
Construction cost and building height
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