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    ARTICLE

    Estimating Construction Material Indices with ARIMA and Optimized NARNETs

    Ümit Işıkdağ1, Aycan Hepsağ2, Süreyya İmre Bıyıklı3, Derya Öz4, Gebrail Bekdaş5, Zong Woo Geem6,*

    CMC-Computers, Materials & Continua, Vol.74, No.1, pp. 113-129, 2023, DOI:10.32604/cmc.2023.032502 - 22 September 2022

    Abstract Construction Industry operates relying on various key economic indicators. One of these indicators is material prices. On the other hand, cost is a key concern in all operations of the construction industry. In the uncertain conditions, reliable cost forecasts become an important source of information. Material cost is one of the key components of the overall cost of construction. In addition, cost overrun is a common problem in the construction industry, where nine out of ten construction projects face cost overrun. In order to carry out a successful cost management strategy and prevent cost overruns,… More >

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