Prediction of Cost Overrun Risk in Construction Projects
نویسندگان
چکیده
منابع مشابه
Analysis of Cost Overrun in Highway Construction Projects Using Multiple Regression and Artificial Neural Networks
Cost overruns are more common in infrastructure projects especially, more common in road construction activities. There existed a need to develop a probabilistic cost overrun analysis model in construction projects as a decision support tool for contractors before the bidding stage. The objective of this study is to identify the critical factors affecting cost overrun and obtain statistical mod...
متن کاملStudy on Construction Cost of Construction Projects
China is a country which has the largest investment amount in engineering construction in the world and which has the most construction projects. It is a significant subject for the extensive engineering managers to have effective engineering cost management in construction project management and to reasonably determine and control construction cost on the condition of ensuring construction qua...
متن کاملEquitable Risk Allocation in Construction Projects: Fuzzy Bargaining Game Approach
An equitable risk allocation between contracting parties plays a vital role in enhancing the performance of the project. This research presents a new quantitative risk allocation approach by integrating fuzzy logic and bargaining game theory. Owing to the imprecise and uncertain nature of players’ payoffs at different risk allocation strategies, fuzzy logic is implemented to determine the value...
متن کاملManaging Cost Overrun Risk in Project Funding Allocation
This paper discusses decision making of project funding allocation under uncertain project costs. Because project costs are uncertain and funding allocations may not necessarily match the costs required, each project is inherently subject to a cost overrun risk (COR). In this paper, a model is proposed in which project cost is treated as a factor with a probability density function. The decisio...
متن کاملRisk Management in Construction Projects
The financial and economic crisis has had an adverse impact on the Lithuania’s economy and construction industry. The GDP of Lithuania grew slightly in 2010, in contrast to a decrease of 14.7% in 2009. Lithuania’s GDP increased from 1.3% in 2010 to 4.6% in 2011. Annual GDP growth decreased from its highest point of 6.7%, reached in the third quarter, to 4.4% in the last quarter of 2011 [1,2]. S...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Sustainability
سال: 2020
ISSN: 2071-1050
DOI: 10.3390/su12229341