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Authors: Nobuaki Ishii 1 ; Yuichi Takano 2 and Masaaki Muraki 3

Affiliations: 1 Kanagawa University, Japan ; 2 Senshu University, Japan ; 3 Tokyo Institute of Technology, Japan

ISBN: 978-989-758-265-3

Keyword(s): Business Process Modeling, Competitive Bidding, Project Management, Resource Allocation.

Related Ontology Subjects/Areas/Topics: Artificial Intelligence ; Business Process Management ; e-Business ; Enterprise Engineering ; Enterprise Information Systems ; Knowledge Management and Information Sharing ; Knowledge-Based Systems ; Symbolic Systems

Abstract: Since the project price is fixed in EPC (Engineering, Procurement, and Construction) projects, the contractor should devote significant resources to the cost estimation process to realize the accurate cost estimation and then accept profitable projects from clients in competitive bidding situations. However, it is impossible for any contractor to devote sufficient resources to all the orders because of the resource constraints. In this study, a multistage project cost estimation process model, consisting of pre-evaluation, order selection, man-hour allocation, and a series of cost estimation steps, is developed. Then, this study devises a resource flow based order selection method and man-hour allocation method to provide successful results to clients and to maximize the contractor’s profits under the limited resources. Specifically, those methods dynamically select orders to estimate cost at each order arrival and allocate the resources to the selected orders, respectively. The effectiveness of our method is demonstrated through simulation experiments using the developed model. (More)

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Paper citation in several formats:
Ishii, N.; Takano, Y. and Muraki, M. (2017). Resource Flow based Order Selection Method in Project Cost Estimation Process.In Proceedings of the 7th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH, ISBN 978-989-758-265-3, pages 155-162. DOI: 10.5220/0006481901550162

@conference{simultech17,
author={Nobuaki Ishii. and Yuichi Takano. and Masaaki Muraki.},
title={Resource Flow based Order Selection Method in Project Cost Estimation Process},
booktitle={Proceedings of the 7th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH,},
year={2017},
pages={155-162},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006481901550162},
isbn={978-989-758-265-3},
}

TY - CONF

JO - Proceedings of the 7th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH,
TI - Resource Flow based Order Selection Method in Project Cost Estimation Process
SN - 978-989-758-265-3
AU - Ishii, N.
AU - Takano, Y.
AU - Muraki, M.
PY - 2017
SP - 155
EP - 162
DO - 10.5220/0006481901550162

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