Title Cost Prediction Model using Qualitative Variables focused on Planning Phase for Public Multi-Housing Projects
Authors Ji, Soung-Min ; Hyun, Chang-Taek ; Moon, Hyun-Seok
DOI http://dx.doi.org/10.6106/KJCEM.2012.13.2.09
Page pp.91-101
ISSN 1229-7534
Keywords Public Multi-Housing Projects ; Planning Phase ; Cost Prediction ; Nonmetric Variables ; Dummy Regression Analysis
Abstract In planning phase of Public Multi-Housing Projects, it is required to develop the methodology and criteria for fair cost prediction with influencing power from planning phase to occupancy phase. Many studies still have focused on the prediction of cost by multiple regression. However, there is no logical explanation about the influence of nonmetric variables for the prediction of cost in planning phase. Accordingly, this research pursues a cost prediction model including nonmetric variables for use in planning phase. There are 3 steps of this research : 1) Finding the factors influencing construction cost and assigning variables for a multiple regression. 2) Conducting a dummy regression analysis with nonmetric variables and model validation by comparing actual cost data. 3) Developing the ratio of RC structure cost to wall structure cost by using cost predection model. The results could establish cost prediction process including the influence of nonmetric variables and the ratio of RC structure cost to wall structure cost.