• Title/Summary/Keyword: cost estimating software

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Neural Network Model for Construction Cost Prediction of Apartment Projects in Vietnam

  • Luu, Van Truong;Kim, Soo-Yong
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.3
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    • pp.139-147
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    • 2009
  • Accurate construction cost estimation in the initial stage of building project plays a key role for project success and for mitigation of disputes. Total construction cost(TCC) estimation of apartment projects in Vietnam has become more important because those projects increasingly rise in quantity with the urbanization and population growth. This paper presents the application of artificial neural networks(ANNs) in estimating TCC of apartment projects. Ninety-one questionnaires were collected to identify input variables. Fourteen data sets of completed apartment projects were obtained and processed for training and generalizing the neural network(NN). MATLAB software was used to train the NN. A program was constructed using Visual C++ in order to apply the neural network to realistic projects. The results suggest that this model is reasonable in predicting TCCs for apartment projects and reinforce the reliability of using neural networks to cost models. Although the proposed model is not validated in a rigorous way, the ANN-based model may be useful for both practitioners and researchers. It facilitates systematic predictions in early phases of construction projects. Practitioners are more proactive in estimating construction costs and making consistent decisions in initial phases of apartment projects. Researchers should benefit from exploring insights into its implementation in the real world. The findings are useful not only to researchers and practitioners in the Vietnam Construction Industry(VCI) but also to participants in other developing countries in South East Asia. Since Korea has emerged as the first largest foreign investor in Vietnam, the results of this study may be also useful to participants in Korea.

The Cost and Adjustment Factors Estimation Method from the Perspective of Provider for Information System Maintenance Cost (공급자 관점의 정보시스템 유지보수 비용항목과 조정계수 산정방안)

  • Lee, ByoungChol;Rhew, SungYul
    • KIPS Transactions on Software and Data Engineering
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    • v.2 no.11
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    • pp.757-764
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    • 2013
  • The estimation of maintenance cost of information system so far has been conducted centered on the ordering body, so the problem of provider's having to cover the cost due to small cost compared to the amount of work is not solved. This study is a base study for estimating the maintenance cost of information system centered on provider, and it deduces cost items of maintenance and suggests adjustment factors for adjusting the gap between the ordering body and provider regarding the maintenance cost. In order to deduce the cost items of maintenance, this study adds the activities of the provider for maintenance to the base study of cost factors regarding the existing maintenance activity, divides, and classifies them into the fixed cost and variable cost. In order to adjust the gap between the ordering body and provider regarding the maintenance cost, this study found the adjustment factors such as the code, utility, and components created by the automatic tool that was not included when estimating the maintenance cost centered on the ordering body. After examining and analyzing K Company's data of maintenance performance for three years, it confirmed that the gap regarding the adjustment factors was about 13% in case of K Company.

Economic Analysis of Introduction of Third Party Logistics System in a Tertiary Hospital (상급종합병원 3자 물류외주시스템 도입의 경제성 분석)

  • Byeoung Heon Yoo;Jin-Won Noh;Sei-Jong Baek;Eun Woo Nam
    • Korea Journal of Hospital Management
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    • v.28 no.1
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    • pp.1-13
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    • 2023
  • Purpose: This study purposed to analyze the economic feasibility of introducing a third party logistics system as a strategic alternative to hospital management. Methods: Economic analysis was performed by measuring changes in costs and benefits before and after implement the third party logistics system and estimating the size of net benefits for the next five years for the target hospital. A questionnaire survey and in-depth interview with stake-holders were conducted to find out the satisfaction and effectiveness of the system. Findings: According to results, the cost-benefit ratio for the implementation of the system was 1.18. For the next five years, the cost-benefit ratio was 1.48, the net present value was about 1.7 billion won, and the internal rate of return was 64%. The satisfaction of internal stake-holders was relatively high, in terms of improving the concentration of unique tasks and increasing the efficiency of inventory management. Practical Implications: It was found that the increase in benefits had a greater effect on the change in the cost-benefit ratio than the increase in costs resulting from the expansion of logistics, and the increase in the present value of net benefits gradually decreased as the cost increased. In addition, overall job satisfaction and satisfaction with outsourcing companies were relatively low, which means that stabilization of the new system is important. Further study is needed for more accurate economic analysis.

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A Hardware Architecture for Estimating Optimal Capacity of Information System based on Simulation Model (시뮬레이션 모델을 이용한 정보시스템의 적정용량 추정을 위한 하드웨어 아키텍처)

  • Kim, Jeong-su;Lee, Eun-seok;Kim, Jong-hee;Park, Jong-kook;Kim, Jong-bae
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2014.05a
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    • pp.215-217
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    • 2014
  • A system architecture design relying only on the experience of its designer varies in quality in line with the designer's personal experience and knowledge ability. Likewise, a wrong estimation of hardware capacity ends up in waste of resources. In practice, a range of post-hoc monitoring tools are in operation, without providing any method for estimating and reflecting the performance at an early stage of architecture design. Provided capacity requirement is estimated in advance with simulation at the stage of design, the system capacity ends up in waste of resources. In practice, a range of post-hoc monitoring tools are in operation, without providing any method for estimating and reflecting the performance at an early stage of architecture design. Provided capacity requirement is estimated in advance with simulation at the stage of design, the system performance requirement can be met with a minimal cost while the waste of resources can be reduced to a great extent. In this context, the present study develops a pilot simulation model for hardware architecture design and then verifies its validity in an experiment. If the error rate falls within a permissible range in the experiment, the simulation model may be considered to reflect well the characteristics of real-life information system architecture.

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The Comparative Study of Software Optimal Release Time of Finite NHPP Model Considering Property of Nonlinear Intensity Function (비선형 강도함수 특성을 이용한 유한고장 NHPP모형에 근거한 소프트웨어 최적방출시기 비교 연구)

  • Kim, Kyung-Soo;Kim, Hee-Cheul
    • Journal of Digital Convergence
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    • v.11 no.9
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    • pp.159-166
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    • 2013
  • In this paper, make a study decision problem called an optimal release policies after testing a software system in development phase and transfer it to the user. When correcting or modifying the software, finite failure non-homogeneous Poisson process model, presented and propose release policies of the life distribution, half-logistic property model which used to an area of reliability because of various shape and scale parameter. In this paper, discuss optimal software release policies which minimize a total average software cost of development and maintenance under the constraint of satisfying a software reliability requirement. In a numerical example, the parameters estimation using maximum likelihood estimation of failure time data, make out estimating software optimal release time. Software release time is used as prior information, potential security damages should be reduced.

The Comparative Study of Software Optimal Release Time for the Distribution Based on Shape parameter (형상모수에 근거한 소프트웨어 최적방출시기에 관한 비교 연구)

  • Shin, Hyun-Cheul;Kim, Hee-Cheul
    • Journal of the Korea Society of Computer and Information
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    • v.14 no.8
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    • pp.1-9
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    • 2009
  • In this paper, make a study decision problem called an optimal release policies after testing a software system in development phase and transfer it to the user. When correcting or modifying the software, because of the possibility of introducing new faults when correcting or modifying the software, infinite failure non-homogeneous Poisson process models presented and propose an optimal release policies of the life distribution applied fixed shape parameter distribution which can capture the increasing/decreasing nature of the failure occurrence rate per fault. In this paper, discuss optimal software release policies which minimize a total average software cost of development and maintenance under the constraint of satisfying a software reliability requirement. In a numerical example, after trend test applied and estimated the parameters using maximum likelihood estimation of inter-failure time data, make out estimating software optimal release time

An Estimating for Practical Software Development Duration (실현 가능한 소프트웨어 개발기간 추정)

  • Lee, Sang-Un;Choi, Myeong-Bok
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.12 no.6
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    • pp.155-164
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    • 2012
  • The compression of software development schedule has a limit without regarding to a development manpower. However, the actually developed softwares includes the impossible short time or unreal long time date. Previously suggested models are driving the development schedule from all of the actually developed software without considering these constraints. This paper recommends a standard of minimum and the most suitable development time period. This paper has chosen a criterion that shows the best development schedule among 5 criteria based on the actually performed projects. Moreover, this paper suggests a model that estimates the development schedule based on the best criterion.

A Systematical Method or Counting Function Point From Requirements (요구사항으로부터 기능점수를 측정하기 위한 체계적인 방법)

  • Yang, Won-Seok;Park, Su-Yong;Choe, Sun-Hwang;Jeong, Chang-Hae;Hwang, Man-Su
    • 시스템엔지니어링워크숍
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    • s.4
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    • pp.182-187
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    • 2004
  • Our research proposes how to, systematically, count function point from initial functional requirements based on natural language. Gradually, Function Point Analysis is used to overcome the limitation of LOC(Line Of Code) for estimating software size. Moreover, it plays an important role in cost management. Function point is derived from initial requirements and is determined by experts who have an education for function point. However, currently there are few researches to cout function point by systematic or automatic rules. Through extending our porposed method, we expect that function point is able to be counted automatically or semi-automatically. This would be our future research

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A Cost Model of Filtering and Refinement Steps for Estimating the Performance of Two-Step Index Structure (이단계 색인 구조의 성능을 예측하기 위한 여과 및 정제 단계 비용모델)

  • Lee, Yong-Ju;Jeong, Jin-Wan
    • Journal of KIISE:Software and Applications
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    • v.26 no.2
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    • pp.213-222
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    • 1999
  • 본 논문에서는 공간 색인 구조의 예측할 수 있는 비용 모델을 제안한다. 연구의 주된 내용은 정제 단계의 분석이다. 즉, 이 분야에서 기존의 연구들과는 달리 여과 단계 뿐만 아니라 정제 단계의 성능을 예측할 수 있는 해석적인 모델을 제안한다. 제안된 비용 모델은 이단계 색인 구조에 대하여 중점적으로 연구하였는데, 이 비용 모델은 기존의 다른 공간 색인 구조에도 적용될 수 있다. 본 논문에서 제안된 비용 모델은 실험 분석을 통해 정확하다는 것을 보인다. 상대적인 오차는 이론적인 예측치를 실제적인 실험 결과와 비교할 때 15% 이내이다. 이 비용 모델은 복잡한 공간 질의의 비용을 평가하는 공간 질의 최적화기에서 유용한 도구로써 사용될 수 있다.

A Study on Plate Bending Analysis Using Boundary Element Method

  • Son, Jae-hyeon;Kim, Yooil
    • Journal of Ocean Engineering and Technology
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    • v.36 no.4
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    • pp.232-242
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    • 2022
  • This study presents a method for level ice-structure interaction analysis to estimate the fatigue damage of arctic structures by applying plate theory to the behavior of level ice. The boundary element method (BEM), which incurs a lower computational cost than the finite element method (FEM), was introduced to solve the plate bending problem. The BEM formulation was performed by applying the BEM to plate theory. Finally, to check the validity of the proposed method, the BEM results and FEM results obtained using the ABAQUS commercial software were compared. The response results of the BEM analysis agreed well with those of the FEM analysis. Based on the results of the analysis, the BEM approach is considered to be very powerful in level ice-structure interaction analysis for estimating level ice-induced fatigue damage. Further work is being conducted to perform level ice fracture analysis based on the stress field calculated using the boundary element method.