| Title |
A Study on Development of Maintenance Cost Estimation System for BTL Project of Education Facilities Using Optimization Methodology |
| Authors |
Cho, Chang-Yeon ; Son, Jaeho ; Kim, Jeaon |
| Keywords |
BTL project ; Education Facilities ; maintenance bundle ; complete linkage algorithm ; branch and bound algorithm |
| Abstract |
BTL (Build-Transfer-Lease) Project for Education Facilities are contracted as a package which consists of several education facilities. The general maintenance period of BTL project for education facilities is 20 years. Thus, total cost variation largely depends on the accuracy of the maintenance cost forecasting in the early stage in the life cycle of the BTL Project. This research develops a cost forecasting system using complete linkage algorithm and branch & bound algorithm to help in finding optimal bundling combination. This system helps owner's decision-making to estimate the total project cost with various constraints changing. The result of this research suggests more reasonable and effective forecasting model for the maintenance facilities package in the BTL project. |