A fuzzy neural network to estimate at completion costs of construction projects
In construction cost management system, normally earned value management (EVM) is applied as an efficient control approach in both status detection and estimation at completion (EAC) cost forecasting. The traditional approaches in EAC predictions normally extend the current situation of a project to...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2012-04-01
|
| Series: | International Journal of Industrial Engineering Computations |
| Subjects: | |
| Online Access: | http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_12.pdf |
| _version_ | 1818886940428075008 |
|---|---|
| author | Morteza Bagherpour Mohammad Reza Feylizadeh Ayad Hendalianpour |
| author_facet | Morteza Bagherpour Mohammad Reza Feylizadeh Ayad Hendalianpour |
| author_sort | Morteza Bagherpour |
| collection | DOAJ |
| description | In construction cost management system, normally earned value management (EVM) is applied as an efficient control approach in both status detection and estimation at completion (EAC) cost forecasting. The traditional approaches in EAC predictions normally extend the current situation of a project to the future by employing pervious performance factor. The proposed approach of this paper considers both qualitative and quantitative factors affecting the EAC prediction. The proposed approach of this research not only estimates the completion of the project, but also it can generate accurate forecast for the entire future periods using a fuzzy neural network model. The model is also implemented for a real-world case study and yields encouraging preliminary results. |
| first_indexed | 2024-12-19T16:29:19Z |
| format | Article |
| id | doaj.art-a7eb105e88e14a75a647c1e2ed521be7 |
| institution | Directory Open Access Journal |
| issn | 1923-2926 1923-2934 |
| language | English |
| last_indexed | 2024-12-19T16:29:19Z |
| publishDate | 2012-04-01 |
| publisher | Growing Science |
| record_format | Article |
| series | International Journal of Industrial Engineering Computations |
| spelling | doaj.art-a7eb105e88e14a75a647c1e2ed521be72022-12-21T20:14:15ZengGrowing ScienceInternational Journal of Industrial Engineering Computations1923-29261923-29342012-04-0133477484A fuzzy neural network to estimate at completion costs of construction projectsMorteza BagherpourMohammad Reza FeylizadehAyad HendalianpourIn construction cost management system, normally earned value management (EVM) is applied as an efficient control approach in both status detection and estimation at completion (EAC) cost forecasting. The traditional approaches in EAC predictions normally extend the current situation of a project to the future by employing pervious performance factor. The proposed approach of this paper considers both qualitative and quantitative factors affecting the EAC prediction. The proposed approach of this research not only estimates the completion of the project, but also it can generate accurate forecast for the entire future periods using a fuzzy neural network model. The model is also implemented for a real-world case study and yields encouraging preliminary results.http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_12.pdfEACEarned value managementFuzzy neural networkConstruction cost management |
| spellingShingle | Morteza Bagherpour Mohammad Reza Feylizadeh Ayad Hendalianpour A fuzzy neural network to estimate at completion costs of construction projects International Journal of Industrial Engineering Computations EAC Earned value management Fuzzy neural network Construction cost management |
| title | A fuzzy neural network to estimate at completion costs of construction projects |
| title_full | A fuzzy neural network to estimate at completion costs of construction projects |
| title_fullStr | A fuzzy neural network to estimate at completion costs of construction projects |
| title_full_unstemmed | A fuzzy neural network to estimate at completion costs of construction projects |
| title_short | A fuzzy neural network to estimate at completion costs of construction projects |
| title_sort | fuzzy neural network to estimate at completion costs of construction projects |
| topic | EAC Earned value management Fuzzy neural network Construction cost management |
| url | http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_12.pdf |
| work_keys_str_mv | AT mortezabagherpour afuzzyneuralnetworktoestimateatcompletioncostsofconstructionprojects AT mohammadrezafeylizadeh afuzzyneuralnetworktoestimateatcompletioncostsofconstructionprojects AT ayadhendalianpour afuzzyneuralnetworktoestimateatcompletioncostsofconstructionprojects AT mortezabagherpour fuzzyneuralnetworktoestimateatcompletioncostsofconstructionprojects AT mohammadrezafeylizadeh fuzzyneuralnetworktoestimateatcompletioncostsofconstructionprojects AT ayadhendalianpour fuzzyneuralnetworktoestimateatcompletioncostsofconstructionprojects |