Bowen, P A and Edwards, P J (1985) Cost modelling and price forecasting: Practice and theory in perspective. Construction Management and Economics, 3(3), pp. 199-215. ISSN 01446193
Abstract
Various academics have pointed to the gap between research and practice in the field of building economics and suggest that the way forward may lie in terms of a paradigm shift in that a fundamentally different approach to cost modelling and price forecasting will be necessary. It can be argued that a change in thinking is required rather than an improvement in current practice. Expert systems, a form of artificial intelligence, hold exciting possibilities in this regard.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | artificial intelligence; cost modelling; expert systems; price forecasting; probabilistic simulation |
| Index terms: | paradigm, modelling, artificial intelligence, expert system, building economics, forecasting |
| Subjects: | artificial intelligence, education and knowledge transfer, data management, analytical methods, prediction and forecasting, cost management |
| Topics: | Site Management, Engineering Principles, Research Practice, Digital Applications |
| Descriptive scope: | 4 PCTA |
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