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Estimate final cost of roads using support vector machine
DOI:
https://doi.org/10.24425/ace.2022.143061Abstract
The cost overrun in road construction projects in Iraq is one of the major problems that face the construction of new roads. To enable the concerned government agencies to predict the final cost of roads, the objective this paper suggested is to develop an early cost estimating model for road projects using a support vector machine based on (43) sets of bills of quantity collected in Baghdad city in Iraq. As cost estimates are required at the early stages of a project, consideration was given to the fact that the input data for the support vector machine model could be easily extracted from sketches or the project's scope definition. The data were collected from contracts awarded by the Mayoralty of Baghdad for completed projects between 2010-2013. Mathematical equations were constructed using the Support Vector Machine Algorithm (SMO) technique. An average of accuracy (AA) (99.65%) and coefficient of determination (R2) (97.63%) for the model was achieved by the created prediction equations.References
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