• Title/Summary/Keyword: Estimation Methodology

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A Study on the Change Factors by Activities for Estimating Historical Cost on Apartment Housing Projects (공동주택 실적공사비 산정시 공종별 변동요인에 관한 연구)

  • You, Yong-Hwan;Lee, Kyoo-Hyun;Kim, Chong-Woen;Choi, In-Seung
    • Journal of the Korea Institute of Building Construction
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    • v.4 no.4
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    • pp.117-126
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    • 2004
  • Construction industry is faced with the problems such as the quickly changeable circumstance and increasing construction companies due to regulation mollification of company registration. In order to overcome these problems, new estimation system based on historical estimation cost is ready to introduce by government step by step. But the time of transition for estimation system causes another problems such as chaos addition to simultaneity of a standard of estimation system and new estimation system, lack of related regulation, accumulation of historical extensive cost data, and adjustment methodology when historical estimation data is applied to next projects. The purpose of this study is to suggest the change factors by activities for estimating historical cost for apartment housing projects. New estimation system is based on historical construction data. For application of this system, the standard adjustment methodology system is necessary. and extensive cost data should be accumulated under an unified construction work classification system. Therefore in this study, according to the construction work classification system, every apartment housing project was classified to 16 work classifications, and 7 major composed items which occupy more than 85% of construction costs are analyzed by detailed activities and by average ratio and maximum ratio each of them. In the result of the study, furniture work, foundation work and masonry work are the works which have big gap of costs between average ration and maximum ratio. In addition to suggestion of change factor by work species, 5 qualified construction specialists are interviewed and change factors in 7 major works are analyzed.

A Generalized Model on the Estimation of the Long - term Run - off Volume - with Special Reference to small and Medium Sized Catchment Areas- (장기만연속수수량추정모형의 실용화 연구 -우리나라 중소유역을 대상으로-)

  • 임병현
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.32 no.4
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    • pp.27-43
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    • 1990
  • This study aimed at developing a generalized model on the estimation of the long - term run - off volume for practical purpose. During the research period of last 3 years( 1986-1988), 3 types of estimation model on the long - term run - off volume(Effective rainfall model, unit hydrograph model and barne's model for dry season) had been developed by the author. In this study, through regressional analysis between determinant factors (bi of effective rainfall model, ai of unit hydrograph model and Wi of barne's model) and catchment characteris- tics(catchment area, distance round the catchment area, massing degree coefficient, river - exte- nsion, river - slope, river - density, infiltration of Watershed) of 11 test case areas by multiple regressional method, a new methodology on the derivation of determinant factors from catchment characteristics in the watershed areas having no hydrological station was developed. Therefore, in the resulting step, estimation equations on run - off volume for practical purpose of which input facor is only rainfall were developed. In the next stage, the derived equations were applied on the Kang - and Namgye - river catchment areas for checking of their goodness. The test results were as follows ; 1. In Kang - river area, average relative estimation errors of 72 hydrographs and of continuous daily run - off volume for 245 days( 1/5/1982 - 31/12) were calculated as 6.09%, 9.58% respectively. 2. In Namgye - river area, average relative estimation errors of 65 hydrographs and of conti- nuous daily run - off volume for 2fl days(5/4/1980-31/12) were 5.68%, 10.5% respectively. In both cases, relative estimation error was averaged as 7.96%, and so, the methodology in this study might be hetter organized than Kaziyama's formula when comparing with the relative error of the latter, 24~54%. However, two case studies cannot be the base materials enough for the full generalization of the model. So, in the future studies, many test case studies of this model should he carries out in the various catchment areas for making its generalization.

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A Cost Estimation Development Methodology via CER's Linear Combination (CER 선형결합을 통한 비용추정 모델 개발)

  • Jung, Won-Il;Lee, Yong-Bok;Kim, Dong-Kyu;Kan, Sung-Jin
    • IE interfaces
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    • v.25 no.3
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    • pp.347-356
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    • 2012
  • The acquisition cost of defense weapon system has been continuously increasing because of art-of-technology of it. This phenomenon requires efficiency and transparency in the weapon system acquisition process through cost estimation. Therefore cost estimation is very important to the government acquisition programs to support decisions about funding and to evaluate resource requirement as a key decision point. The Commercial parametric cost estimating models have been using extensively to obtain appropriate cost estimates in early acquisition phase. These models have many restrictions to ensure the cost estimating result in Korean defense environment because they are developed based on foreign R&D data. Also estimation results are different from Korean defense industry accounting system. So, some studies have been tried to develop a CER (Cost Estimation Relationship) based on the Korean historical data. However, there are some restrictions to improve the predictability and ensure the stability of the developed singular CERs which consider the following data characteristics individually. The the abnormal conditions of data that is multicollinearity, outlier and heteroscedasticity under rack of the number of observations. In this paper, a CER's Linear Combining Model is proposed to overcome those limitations which guarantee more accurate estimation (25.42% higher precision) than other singular CERs. At least, this study is meaningful as a first attempt to improve the predictability of CER with insufficient data. The methodology suggested in this study will be useful to develop a complex Korean version cost estimating model development in future.

Studies for Reliability-corrected Cost Estimation Methodology of Launch Vehicle Development (신뢰성 보정된 발사체 개발비용 추정방안 연구)

  • Kim, Hong-Rae;Yoo, Dong-Seo;Chang, Young-Keun
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.40 no.4
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    • pp.364-374
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    • 2012
  • The purpose of this study is to perform the reliability-corrected development cost estimation of the launch vehicle at the conceptual design phase. In order to estimate the launch vehicle development cost, the estimation method based on the independent variable such as the rocket performance and dry mass has been mainly implemented up to now. This approach has made the approximate cost estimation possible, however, the cost variation according to the reliability requirement could not be reflected. In this paper, the cost estimation methodology that introduces the reliability factor in addition to the performance and mass in the TRANSCOST model is presented in order to improve the limitation of current cost estimation method. The development cost of KSLV(Korea Space Launch Vehicle)-II is estimated on the basis of this newly implemented concept with reliability as an added parameter.

Development of a Program for Estimating warship manpower using Systems Engineering and Component Based Development Methodology (시스템엔지니어링과 CBD 방법론을 활용한 함정 승조원 수 추정 프로그램 개발)

  • Hwang, In Hyuck
    • Journal of the Korean Society of Systems Engineering
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    • v.17 no.2
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    • pp.61-68
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    • 2021
  • A decrease in the fertility rate leads to a reduction of troops, so the need to efficiently operate the troops is growing. Therefore, it is necessary to develop a system for estimating warship manpower. In this study, system development was performed according to the CBD methodology. The user requirements were defined and the system function that satisfies the requirements was derived. And through the development process, the CBD methodology and the systems engineering process were compared. As a result, similarities were confirmed in the analysis and concept design stages, so the possibility of merging the two processes was suggested.

Direction for Improving Cost Estimation and Management of Construction Projects : Comparing to Australian System (건설공사 공사비 예측 및 관리기술 발전방향 : 호주 사례를 중심으로)

  • Ji, Sae-Hyun;Park, Moon-Seo;Lee, Hyun-Soo;Yoon, You-Sang
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.2
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    • pp.170-181
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    • 2008
  • Cost of construction project have to be estimated based on drawing before execution. Cost estimate and check would be performed numerously for preparing general outline of requirements and determining the budget at conceptual planning stage, for obtaining decision on every matter related to design, specification, construction and cost at design stage, and for predicting bidding cost. Thus, importance of cost estimation cannot emphasize too much in construction. However, there are lack of standard estimation method, process, and cost analysis method, that square foot estimation method is as used as eyer, in Korea. Thus, This research present the direction for improving cost estimation and management in construction; It is demanded that establishing standard data base methodology, multi-level database model CUBE, and standard cost planning process, choosing cost estimation methodology according to objectives and cost planning process, and making more experts.

Optimized pricing based on proper estimation of rating factor distribution (요율 요소 분포 추정을 통한 가격 최적화 방안 연구)

  • Kim, Yeong-Hwa;Jeon, Chul-Hee
    • The Korean Journal of Applied Statistics
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    • v.29 no.5
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    • pp.987-998
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    • 2016
  • Auto insurance is an insurance product that requires the proper application of pricing techniques due to intense market competition and the rate regulations of financial authorities. Especially, population change according to aging and rating faction segmentation mainly affect the pricing process. This study suggests a pricing optimization methodology through the proper estimation of age factors. To properly estimate the future distribution of age factor, age change, renewal and conversion of customers are considered as main effects for the optimization of estimation and application. The properness and effectiveness for the suggested method will be proved by a comparison of results applied (one for current distribution and the other for future distribution) at the off-balance process. This study suggests an appropriate risk estimation methodology based on optimization that uses the proper estimation of future distribution to protect from the over or under estimation of risk.

Estimation of Fault Location on a Transmission Line via Time-Frequency Domain Reflectometry (시간-주파수 반사파 계측 방법을 이용한 전송선로의 결함 위치 추정)

  • Choe TokSon;Kwak Ki-Seok;Yoon Tae Sung;Park Jin Bae
    • The Transactions of the Korean Institute of Electrical Engineers D
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    • v.54 no.9
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    • pp.521-530
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    • 2005
  • In this paper, a new high resolution reflectometry scheme, time-frequency domain reflectometry(TFDR), isproposed to detect and estimate a fault in a transmission line. Traditional reflectometry methodologies have been achieved either in the time domain or in the frequency domain only. However, the TFDR can jump over the performance limits of the traditional reflectometry methodologies because the acquired signal is analyzed in time and frequency domain simultaneously. In the TFDR, the new reference signal and the novel TFDR algorithm are proposed for analyzing the acquired signal in the time-frequency domain. Because the reference signal of Gaussian envelop chirp signal is localized in the time and frequency domain simultaneously, it is suitable to the analysis in the time-frequency domain. In the proposed TFDR algorithm, the time-frequency distribution function and the normalized time-frequency cross correlation function are used to detect and estimate a fault in a transmission line. That algorithm is verified for real-world coaxial cables which are typical transmission line with different types of faults by the TFDR system composed of real instruments. The performance of the TFDR methodology is compared with that o( the commercial time domain reflectomeoy(TDR) experiments, so that concludes the TFDR methodology can detect and estimate the fault with smaller error than TDR methodology.

A Study for Estimation of Benefit from Upgrading Precision Approach Runway Category (정밀접근활주로 등급 상향에 따른 편익산정에 관한 연구)

  • Kim, HuiYang;Kweon, PilJe;Park, JangHoon;Baik, HoJong
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.27 no.3
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    • pp.70-81
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    • 2019
  • The effects of weather on aircraft operations are predominant. In particular, severe weather, such as fog, strong winds, rainfall and snow, can cause delays, diversion or cancellation of operations. Of these, fog is considered the main reason for restricting aircraft operations. Meanwhile, Precision instrument approach using instrument landing system(ILS) has allowed aircraft to land safely even in situations where visibility is limited. However, the precision instrument approach require not only the performance of the aircraft but also the enhancement of the runway. In November 2018, Gimpo international Airport raised the category of the runway 14R from CAT-IIIa to CAT-IIIb to improve aviation safety and operational efficiency. Based on this, the research presented a methodology for estimating benefits according to the category upgrade of the precision approach runway, and estimated the benefits to Gimpo International Airport based on the methodology presented.

Parametric survival model based on the Lévy distribution

  • Valencia-Orozco, Andrea;Tovar-Cuevas, Jose R.
    • Communications for Statistical Applications and Methods
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    • v.26 no.5
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    • pp.445-461
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    • 2019
  • It is possible that data are not always fitted with sufficient precision by the existing distributions; therefore this article presents a methodology that enables the use of families of asymmetric distributions as alternative probabilistic models for survival analysis, with censorship on the right, different from those usually studied (the Exponential, Gamma, Weibull, and Lognormal distributions). We use a more flexible parametric model in terms of density behavior, assuming that data can be fit by a distribution of stable distribution families considered unconventional in the analyses of survival data that are appropriate when extreme values occur, with small probabilities that should not be ignored. In the methodology, the determination of the analytical expression of the risk function h(t) of the $L{\acute{e}}vy$ distribution is included, as it is not usually reported in the literature. A simulation was conducted to evaluate the performance of the candidate distribution when modeling survival times, including the estimation of parameters via the maximum likelihood method, survival function ${\hat{S}}$(t) and Kaplan-Meier estimator. The obtained estimates did not exhibit significant changes for different sample sizes and censorship fractions in the sample. To illustrate the usefulness of the proposed methodology, an application with real data, regarding the survival times of patients with colon cancer, was considered.