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Appropriate budget contingency determination for construction projects: State-of-the-art
Contingency is a critical component in the cost estimation process for any construction project. The contingency reserve considers potential costs related to risks and uncertainties associated with construction projects. It is usually assumed to damp any
Taher Ammar +2 more
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Cost estimation of enterprise organizational pathologies
In modern conditions, changes in organizational management structures must be frequent, and the need for changes is growing. There is a renewed research interest in human behavior as a significant factor to be considered when managing an organization. In
Kachalkina Kristina
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Feature-Based and Process-Based Manufacturing Cost Estimation
The demand for mass custom parts is increasing, estimating the cost of parts to a high degree of efficiency is a matter of great concern to most manufacturing companies.
Fangwei Ning +4 more
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Reducing the Total Product Cost at the Product Design Stage
Currently used decision support systems allow decision-makers to evaluate the product performance, including a net present value analysis, in order to enable them to make a decision regarding whether or not to carry out a new product development project.
Marcin Relich +2 more
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Minimizing the cost of converting waste fat from fish-canning-factory wastewater treatment system to biofuel oil [PDF]
A food factory constantly releases waste containing oil and fat into its wastewater treatment system. To obtain zero waste, the waste should be utilized as an energy source, such as biofuel oil (BFO). In this study, waste fat containing 86.13%wt.
Pheerawit Punyawansiri +3 more
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Assessing Risk Factors Affecting the Accuracy of Conceptual Cost Estimation in the Middle East
The construction industry is subjected to more risk and uncertainty than many other industries, in addition to poor risk-tracking records. This usually causes the late completion of projects, surpassing their estimated budgets even without achieving the ...
Mohamed Abdel-Monem +2 more
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Economic Evaluation of Implementation of Power-to-Gas: Application to the Case of Spain
An economic analysis of the implementation of the power-to-gas (PtG) system between 2030 and 2055 is presented at a large scale. The capacity of the PtG system is adapted to two scenarios in Spain (Bailera and Lisbona 2018), corresponding to growing ...
Alberto Abánades, Jesús Frías
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Predictive Analytics for Early-Stage Construction Costs Estimation
Low accuracy in the estimation of construction costs at early stages of projects has driven the research on alternative costing methods that take advantage of computing advances, however, direct implications in their use for practice is not clear.
Sergio Lautaro Castro Miranda +3 more
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Cost Estimation in Engineer-to-Order Manufacturing
In Engineer-to-Order (ETO) manufacturing the price of products must be defined during early stages of product design and during the bidding process, thus an overestimation of product development (PD) costs may lead to the loss of orders and an ...
Hooshmand Yousef +2 more
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Construction-oriented quantity take-off (QTO) refers to the process of determining the quantities for construction items or work packages in accordance with their descriptions. However, the current construction-oriented QTO practice relies on estimators’
Shengxian Tang +5 more
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