Modelling Residential Building Costs in New Zealand: A Time-Series Transfer Function Approach
المؤلفون المشاركون
Zhao, Linlin
Mbachu, Jasper
Liu, Zhansheng
المصدر
Mathematical Problems in Engineering
العدد
المجلد 2020، العدد 2020 (31 ديسمبر/كانون الأول 2020)، ص ص. 1-18، 18ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2020-01-27
دولة النشر
مصر
عدد الصفحات
18
التخصصات الرئيسية
الملخص EN
Cost estimating based on a building cost index plays an important role in project planning and cost management by providing accurate cost information.
However, an effective method to predict the building cost index of New Zealand is lacking.
This study proposes a transfer function method to improve the forecasting accuracy of the building cost index.
In this study, the New Zealand house price index is included in the transfer function models as an explanatory variable to produce cost forecasts.
The proposed method is used to estimate the building cost index of residential buildings including one-story houses, two-story houses, and town houses in New Zealand.
To demonstrate the effectiveness of the proposed method, this study compares the cost forecasts generated from the transfer function models and the autoregressive integrated moving average (ARIMA) models.
The results indicate that the proposed transfer function method can achieve better outcomes than ARIMA models by considering the time-lag causality between building costs and New Zealand house prices.
The proposed method can be used by industry professionals as a practical tool to predict project costs and help the professionals to better capture the inherent relationships between cost and house prices.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Zhao, Linlin& Mbachu, Jasper& Liu, Zhansheng. 2020. Modelling Residential Building Costs in New Zealand: A Time-Series Transfer Function Approach. Mathematical Problems in Engineering،Vol. 2020, no. 2020, pp.1-18.
https://search.emarefa.net/detail/BIM-1197540
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Zhao, Linlin…[et al.]. Modelling Residential Building Costs in New Zealand: A Time-Series Transfer Function Approach. Mathematical Problems in Engineering No. 2020 (2020), pp.1-18.
https://search.emarefa.net/detail/BIM-1197540
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Zhao, Linlin& Mbachu, Jasper& Liu, Zhansheng. Modelling Residential Building Costs in New Zealand: A Time-Series Transfer Function Approach. Mathematical Problems in Engineering. 2020. Vol. 2020, no. 2020, pp.1-18.
https://search.emarefa.net/detail/BIM-1197540
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1197540
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر