Parametric Range Estimating of Building Costs Using Regression Models and BootstrapSource: Journal of Construction Engineering and Management:;2008:;Volume ( 134 ):;issue: 012Author: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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contributor author | Rifat Sonmez | |
date accessioned | 2017-05-08T20:48:55Z | |
date available | 2017-05-08T20:48:55Z | |
date copyright | December 2008 | |
date issued | 2008 | |
identifier other | %28asce%290733-9364%282008%29134%3A12%281011%29.pdf | |
identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/27897 | |
description 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. | |
publisher | American Society of Civil Engineers | |
title | Parametric Range Estimating of Building Costs Using Regression Models and Bootstrap | |
type | Journal Paper | |
journal volume | 134 | |
journal issue | 12 | |
journal title | Journal of Construction Engineering and Management | |
identifier doi | 10.1061/(ASCE)0733-9364(2008)134:12(1011) | |
tree | Journal of Construction Engineering and Management:;2008:;Volume ( 134 ):;issue: 012 | |
contenttype | Fulltext |