Cost estimations for large scale engineering projects under uncertainties

D. Ruan, D. Maes, H. Aït, J. Liu, L. Xu, J. B. Yang

    Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

    2 Citations (Scopus)

    Abstract

    Cost estimation for large projects can be difficult because of many complex factors and uncertainties involved. It is often the case that only very rough guesses of actual costs may be provided. In this paper, we will examine the various types of uncertainties in the cost estimation problem of the Myrrha project. We will then use a few examples originated from the conceptual phase of the project to illustrate the practical use of a software package, IDS Cost Estimator, in cost analysis of nuclear systems. It is demonstrated that IDS Cost Estimator can take care of several types of uncertainties in cost estimation and provide user friendly interfaces for data collection, reporting and display.

    Original languageEnglish
    Title of host publicationProceedings - 4th Conference of the European Society for Fuzzy Logic and Technology and 11th French Days on Fuzzy Logic and Applications, EUSFLAT-LFA 2005 Joint Conference
    Pages955-960
    Number of pages6
    Publication statusPublished - 2005
    EventJoint 4th Conference of the European Society for Fuzzy Logic and Technology, EUSFLAT 2005 and 11th French Days on Fuzzy Logic and Applications, LFA 2005 - Barcelona, Spain
    Duration: 7 Sep 20059 Sep 2005

    Publication series

    NameProceedings - 4th Conference of the European Society for Fuzzy Logic and Technology and 11th French Days on Fuzzy Logic and Applications, EUSFLAT-LFA 2005 Joint Conference

    Conference

    ConferenceJoint 4th Conference of the European Society for Fuzzy Logic and Technology, EUSFLAT 2005 and 11th French Days on Fuzzy Logic and Applications, LFA 2005
    CountrySpain
    CityBarcelona
    Period7/09/059/09/05

    Keywords

    • Cost estimation
    • Decision support systems
    • Fuzzy logic
    • Interval uncertainty
    • Myrrha
    • Probability uncertainty

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