Development of a Model for Predicting Probabilistic Life-Cycle Cost for the Early Stage of Public-Office Construction

Development of a Model for Predicting Probabilistic Life-Cycle Cost for the Early Stage of Public-Office Construction

Decisions made in the early stages of construction projects significantly influence the costs incurred in subsequent stages. Therefore, such decisions must be based on the life-cycle cost (LCC), which includes the maintenance, repair, and replacement (MRR) costs in addition to construction costs. Fu...

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Bibliographic Details
Main Authors: Zhengxun Jin, Jonghyeob Kim, Chang-taek Hyun, Sangwon Han
Format: Article
Language:English
Published: MDPI AG 2019-07-01
Series:Sustainability
Subjects:
cost prediction
probabilistic model
early stage
life-cycle cost
case-based reasoning
Monte Carlo simulation
Online Access:https://www.mdpi.com/2071-1050/11/14/3828

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