Wang, N; Horner, R M W and El-Haram, M (2004) Fuzzy logic approach to a generic elemental whole life costing model. In: Khosrowshahi, F (ed.) Proceedings of 20th Annual ARCOM Conference, 1-3 September 2004, Edinburgh, UK.
Abstract
The purpose of this research is to develop a generic model that can facilitate the forecasting of the whole life costs of building elements. The relationship between the context of use and the cost items, such as cleaning costs, is modelled by using linguistic data of experts. Fuzzy logic is used to represent experts' knowledge. The model has been developed in such a way as to resolve the problem of lack of historical data on running costs of building elements. It is anticipated that the model could have a very wide range of use in estimating whole life costs of public service buildings, such as hospital, school, etc. Users of this model would be the design teams of building projects, who wish to take into consideration the long term interests of capital investment.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | construction design; context of use; fuzzy logic; whole life costing |
| Index terms: | forecasting, whole-life costing, capital investment, whole life cost, cleaning, estimating, fuzzy logic, design team, running cost |
| Subjects: | data science, professional practice, maintenance engineering, financial analysis, economic analysis, prediction and forecasting, occupational health, financial and cost management |
| Topics: | Cost Management, Business Strategy, Health and Safety, Research Practice, Digital Applications, Design Practice |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here