• Title/Summary/Keyword: cost estimation

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Estimating Software Development Cost using Support Vector Regression (Support Vector Regression을 이용한 소프트웨어 개발비 예측)

  • Park, Chan-Kyoo
    • Korean Management Science Review
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    • v.23 no.2
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    • pp.75-91
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    • 2006
  • The purpose of this paper is to propose a new software development cost estimation method using SVR(Support Vector Regression) SVR, one of machine learning techniques, has been attracting much attention for its theoretic clearness and food performance over other machine learning techniques. This paper may be the first study in which SVR is applied to the field of software cost estimation. To derive the new method, we analyze historical cost data including both well-known overseas and domestic software projects, and define cost drivers affecting software cost. Then, the SVR model is trained using the historical data and its estimation accuracy is compared with that of the linear regression model. Experimental results show that the SVR model produces more accurate prediction than the linear regression model.

A Study on the Maintenance Cost Elasticity of the Apartment Housing (공동주택의 관리비 증감특성 연구)

  • Lee, Kang-Hee;Chae, Chang-U;Park, Guen-Soo
    • Journal of the Korean housing association
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    • v.22 no.6
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    • pp.51-60
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    • 2011
  • The maintenance cost depends on various factors such as building volume, floor area, number of household and so on. The maintenance cost of the apartment housing is affected by the maintenance type, building physical factor, sociogeographic aspects. Among these, the maintenance characteristics is represented and made up by the total floor area and number of household which means main factor to provide the building scale roughly. In this paper, it aimed at modelling the estimation function of the maintenance cost with the total floor area and number of household and analyzing the elasticity of the two factors. Although items of maintenance cost are various in general cost, repair cost and so on, we classified these items into the 5 categories. 5 categories are a general cost, a facility maintenance cost, a utilization cost, insurance and sanitary cost. The estimation function used a power function and it has better goodness-offitness than any other estimation methods in statistics. A power function has a three curve types with concave and convex and linear style to the origin.

A Development of a Framework Cost Estimation Model for the Digital Document Database Construction Projects (지식정보 구축 대가의 개발 : 국가직무표준(National Competency Standards)과의 통합 방안을 중심으로)

  • Kim, Sojung Lucia;Seo, Yong Won;Son, Young-ho
    • Journal of Information Technology Services
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    • v.16 no.3
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    • pp.47-65
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    • 2017
  • The reference guide for the cost of establishing the digital documents has been used as a basis for establishing the budget for the construction of the knowledge information resource. However, due to the abolition of the nominal unit price notification in terms of IT projects, it is necessary to conduct research to convert the standard of the current labor force grade standard to the national incompetency standard (NCS). In this study, we investigate and revise the system and contents of the current knowledge information cost estimation model. In specific, i) we conducted gap analysis of cost estimation model and existing NCS model. As the contents conforming for the construction of the knowledge information resource were not adoptable, we define the description of the construction of the knowledge information resource and to identify the core elements of NCS prior to the improvement of the cost model. ⅱ) then we proposed improve the cost model considering integration with newly proposed NCS model for knowledge information construction job. In order to ensure the validity of the application of NCS development and cost estimation model, the experts reviewed relevant contents and made plans for improvement by using experts from supply and demand groups of various fields of national knowledge informatization projects.

Parameter Impact Applied Case-based Reasoning Cost Estimation

  • Joseph Ahn;Hyun-Soo Lee;Moonseo Park;Sae-Hyun Ji;Sooyoung Kim
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.475-478
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    • 2013
  • To carry out a one-off construction project successfully, effective and accurate early cost estimation is crucial, especially during the conceptual stage where very limited minimum information of construction project is given. As the level of accuracy of the early cost estimation has huge impacts on precise budgeting and cost management of a project, in other words, reducing the risk of a project, cost must be managed with special awareness. In an effort to improve the estimate accuracy of cost during the conceptual stage, this research introduces a Parameter Impact (PI) which can quantify weights of parameters and rank them; and PI development derived from the principle of impulse in physics is explicated. For a case study, 76 public apartment building cases in Korea are analyzed. To examine the validity of the proposed PI, a validation in terms of CBR applicability test and estimate accuracy comparisons using 10-nearest neighbor cases are carried out. The validation results support that the suggested PI can be applied in quantifying the weights of the parameters and CBR method for early cost estimation.

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Cost Estimation System for Design Evalution (설계평가를 위한 제조비용산정 시스템)

  • 박홍석;이규봉
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2000.11a
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    • pp.281-284
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    • 2000
  • For estimation manufacturing cost during the early design stage, desingers have to know compositon of manufacturmg cost. Manufacturing cost is summalion of material cost and processmg cost. To be able to control the manufacturmg cost, it is necessary to estimate the costs adequately and to store the cost data in a generic way. a generic system, which is the basis for the control of the production costs, takes into account geometric information, material information, process information and production planning information Manufacturing cost is summation of material cost and processing cost.

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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.

A Study on Policy for Actualizing the Development Cost Estimation Guidelines of e-Learning Contents in Era of Convergence (융합시대의 이러닝 콘텐츠 개발대가 산정기준의 실효성 제고 정책)

  • Noh, Kyoo-Sung;Han, Tae-In
    • Journal of Digital Convergence
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    • v.13 no.9
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    • pp.49-56
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    • 2015
  • Korea government has established clear cost estimation standard based on a survey of e-learning contents development cost and presented 'e-Learning Contents Development Cost Estimation Guidelines' that reflect the characteristics of the e-learning industry. However, if there is no institutional support, this guideline and system fails to achieve the purposes and objectives. And it is likely to be facing a dead document. Therefore, the policy foundation is required. This study suggested the following policy; stepwise activation of cost estimation standard, enact announcement and periodically adjustment of cost estimation standard, installation and operation of cost estimation standard operational committee, conjunction with the e-learning industry survey, cultural diffusion of co-owned copyright, systematic monitoring of the e-learning contents development process, research on activating policy of cost estimation standard, conjunction with the standard contract for enhancing policy effectiveness.

Analysis of Actual Labor and Productivity for Based Work Crew Standard of Cement Liquid Watertight Construction (시멘트 액체방수 공사의 작업조 기반 품셈을 위한 생산량 및 노무량 분석)

  • Ha, Gee-Joo;Choi, Min-Kwon;Yi, Dong-Ryul;Ha, Min-Su;Ha, Jae-Hoon;Kim, Oe-Gun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2009.05b
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    • pp.171-174
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    • 2009
  • The standard estimation system, used to estimate the predetermined cost of construction work, is measured by the standard and typical construction methods and field conditions. And the standard estimation system is applied to basic data for the measuring of construction cost, such as the consumed quantity of material, labor hours, and machinery cost. However it does not reflect sufficiently for the diversity and reality of constructions work Therefore, this study is recognized the necessity of new cost estimation models for the rational construction cost estimation. To improve estimation technique and construction ability, it was analyzed labor hours, production volume based on the work crew in construction work.

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Case Study on the Cost Estimation standard for Smart Construction - Focused on Japan (스마트건설 공사비산정기준 사례조사 연구 - 일본사례를 중심으로 -)

  • Song, Tae-Seok;An, Bang-Yul
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2020.06a
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    • pp.171-172
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    • 2020
  • Recently, the need for smart construction technologies related to the Fourth Industrial Revolution has been increasing in order to improve productivity of the construction industry. The Ministry of Land, Infrastructure and Transport has established Smart construction technology road map to commercialize the smart construction, and research and development is also underway. However, due to the lack of cost estimation standards for such smart construction technologies to be deployed to actual sites, smart construction technologies are not actively applied to construction sites. In particular, cost estimation standards are needed for construction machinery equipment with ICT technology that is currently available for commercialization. Therefore, as a preliminary study for the development of smart construction cost estimation standards, a case study was conducted on ICT construction estimation standards in Japan and present them as basic data for standards in Korea.

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A Software Architecture Cost Estimation Method to Support Architecture Evaluation with Consideration of Cost (비용을 고려하고 아키텍처 평가를 지원하는 소프트웨어 아키텍처 비용 추정 기법)

  • Choue, Si-Ho;Lee, Jun-Ha;Park, Soo-Yong
    • Journal of KIISE:Software and Applications
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    • v.37 no.2
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    • pp.95-103
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    • 2010
  • Improving the competitiveness of software products in the market involves procuring the means to design software architecture that deliver qualities necessitated by stakeholder requirements within allocated budget, thereby improving the cost-effectiveness of the end product. Currently, software architecture evaluation methods are used to predict and review qualities inherent in software architecture designs and to choose a candidate architecture that delivers desired qualities. Existing software architecture evaluation methods, however, fail to address the cost considerations dependent on the architecture chosen for product implementation. In this paper we suggest a cost estimation method for software architecture which adapts the cost drivers in the software cost estimation model COCOMO II to support cost estimation during architecture evaluation. The suggested method can be performed in coordination with existing software architecture evaluation efforts and supplements existing architecture evaluation techniques with guidelines for identifying and evaluating cost drivers in candidate software architectures without incurring extra overhead. The accuracy of the cost estimation using the suggested method is verified through application of the method to the architecture candidates used in RPS (Robot Patrol System), a surveillance embedded system.