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    Parametric Range Estimating of Building Costs Using Regression Models and Bootstrap

    Source: Journal of Construction Engineering and Management:;2008:;Volume ( 134 ):;issue: 012
    Author:
    Rifat Sonmez
    DOI: 10.1061/(ASCE)0733-9364(2008)134:12(1011)
    Publisher: American Society of Civil Engineers
    Abstract: This paper presents a bootstrap approach for integration of parametric and probabilistic cost estimation techniques. In the proposed method, a combination of regression analysis and bootstrap resampling technique is used to develop range estimates for construction costs. The method is applied to parametric range estimation of building projects as an example. The bootstrap approach includes advantages of probabilistic and parametric estimation methods, at the same time it requires fewer assumptions compared to classical statistical techniques. This study is of relevance to practitioners and researchers, as it provides a robust method for conceptual estimation of construction costs.
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      Parametric Range Estimating of Building Costs Using Regression Models and Bootstrap

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    http://yetl.yabesh.ir/yetl1/handle/yetl/27897
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    contributor authorRifat Sonmez
    date accessioned2017-05-08T20:48:55Z
    date available2017-05-08T20:48:55Z
    date copyrightDecember 2008
    date issued2008
    identifier other%28asce%290733-9364%282008%29134%3A12%281011%29.pdf
    identifier urihttp://yetl.yabesh.ir/yetl/handle/yetl/27897
    description abstractThis paper presents a bootstrap approach for integration of parametric and probabilistic cost estimation techniques. In the proposed method, a combination of regression analysis and bootstrap resampling technique is used to develop range estimates for construction costs. The method is applied to parametric range estimation of building projects as an example. The bootstrap approach includes advantages of probabilistic and parametric estimation methods, at the same time it requires fewer assumptions compared to classical statistical techniques. This study is of relevance to practitioners and researchers, as it provides a robust method for conceptual estimation of construction costs.
    publisherAmerican Society of Civil Engineers
    titleParametric Range Estimating of Building Costs Using Regression Models and Bootstrap
    typeJournal Paper
    journal volume134
    journal issue12
    journal titleJournal of Construction Engineering and Management
    identifier doi10.1061/(ASCE)0733-9364(2008)134:12(1011)
    treeJournal of Construction Engineering and Management:;2008:;Volume ( 134 ):;issue: 012
    contenttypeFulltext
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