Construction cost map of European countries

IF 1 4区经济学 Q4 BUSINESS

Engineering Economist Pub Date : 2020-04-02 DOI:10.1080/0013791X.2019.1668097

Cenk Budayan, I. Dikmen, T. Birgonul

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引用次数: 2

Abstract

Abstract In the globalized business world, construction companies start to seek new opportunities to invest on an international basis in order to gain profit. Therefore, construction companies have to conduct not only national projects but also international projects to be competitive. However, although these international projects can be profitable, the construction companies face many challenges in the management of these projects due to the country-specific problems and conditions. This can lead to variation in the management of similar projects conducted in different countries. In particular, cost estimation in different countries is a challenging task for construction companies. Therefore, in order to provide insights about construction cost in different countries, different organizations publish construction cost indices. However, some criticisms related to the reliability and usability of these indices are stated. In this study, a new concept, called a cost map, is proposed by developing a framework based on twelve macro level parameters. The cost map is applied to 37 European countries. The data related to these parameters are collected using different databases. European countries are clustered by using a self-organizing map. As a result of this study, the cost map is determined as a reliable and convenient tool for a cost comparison.

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欧洲各国建筑造价图

摘要在全球化的商业世界中，建筑公司开始寻求新的机会，在国际基础上进行投资，以获得利润。因此，建筑公司不仅要进行国家项目，还要进行国际项目才能具有竞争力。然而，尽管这些国际项目可以盈利，但由于国家的具体问题和条件，建筑公司在管理这些项目方面面临着许多挑战。这可能导致在不同国家进行的类似项目的管理出现差异。特别是，不同国家的成本估算对建筑公司来说是一项具有挑战性的任务。因此，为了深入了解不同国家的建筑成本，不同的组织发布了建筑成本指数。然而，也有人对这些指标的可靠性和可用性提出了一些批评。在这项研究中，通过开发一个基于12个宏观层面参数的框架，提出了一个新的概念，称为成本图。成本图适用于37个欧洲国家。与这些参数相关的数据是使用不同的数据库收集的。欧洲国家使用自组织地图进行聚类。这项研究的结果是，成本图被确定为成本比较的可靠和方便的工具。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Engineering Economist ENGINEERING, INDUSTRIAL-OPERATIONS RESEARCH & MANAGEMENT SCIENCE

CiteScore

2.00

自引率

0.00%

发文量

审稿时长

>12 weeks

期刊介绍： The Engineering Economist is a refereed journal published jointly by the Engineering Economy Division of the American Society of Engineering Education (ASEE) and the Institute of Industrial and Systems Engineers (IISE). The journal publishes articles, case studies, surveys, and book and software reviews that represent original research, current practice, and teaching involving problems of capital investment. The journal seeks submissions in a number of areas, including, but not limited to: capital investment analysis, financial risk management, cost estimation and accounting, cost of capital, design economics, economic decision analysis, engineering economy education, research and development, and the analysis of public policy when it is relevant to the economic investment decisions made by engineers and technology managers.