2016
DOI: 10.17577/ijertv5is010431
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Cost Estimation Model (Cem) for Residential Building using Artificial Neural Network

Abstract: The achievement of any project undertaking is defined by improved quantity and cost estimation technique that facilitates optimum utilization of resources. The objective of this study is to develop a cost estimation technique by using an artificial neural network (ANN) model that will be able to forecast the total structural cost of residential buildings by considering various parameters. In this study, data of last twenty three years has been collected from Schedule of rate book (SOR) and general studies. Eig… Show more

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Cited by 3 publications
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“…An inadequate amount of data will affect the accuracy of cost estimates by ANN. For example, Richa et al (2016) uses cost data from the schedule of rates for the past 23 years to estimate the cost of residential buildings using ANN and get result accuracy above 90%. Meanwhile, Chandanshive and Kambekar (2019) in their study find out that the accuracy of the ANN model increases with the data size.…”
Section: Nomentioning
confidence: 99%
“…An inadequate amount of data will affect the accuracy of cost estimates by ANN. For example, Richa et al (2016) uses cost data from the schedule of rates for the past 23 years to estimate the cost of residential buildings using ANN and get result accuracy above 90%. Meanwhile, Chandanshive and Kambekar (2019) in their study find out that the accuracy of the ANN model increases with the data size.…”
Section: Nomentioning
confidence: 99%