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An artificial neural network (ANN) approach for early cost estimation of concrete bridge systems in developing countries: the case of Sri Lanka

Nirodha Fernando (School of Computing, Engineering and the Built Environment, Edinburgh Napier University – Merchiston Campus, Edinburgh, UK)
Kasun Dilshan T.A. (Tudawe Brothers (Private) Limited, Colombo, Sri Lanka)
Hexin (Johnson) Zhang (School of Computing, Engineering and the Built Environment, Edinburgh Napier University – Merchiston Campus, Edinburgh, UK)

Journal of Financial Management of Property and Construction

ISSN: 1366-4387

Article publication date: 27 June 2023

Issue publication date: 7 February 2024

157

Abstract

Purpose

The Government’s investment in infrastructure projects is considerably high, especially in bridge construction projects. Government authorities must establish an initial forecasted budget to have transparency in transactions. Early cost estimating is challenging for Quantity Surveyors due to incomplete project details at the initial stage and the unavailability of standard cost estimating techniques for bridge projects. To mitigate the difficulties in the traditional preliminary cost estimating methods, there is a requirement to develop a new initial cost estimating model which is accurate, user friendly and straightforward. The research was carried out in Sri Lanka, and this paper aims to develop the artificial neural network (ANN) model for an early cost estimate of concrete bridge systems.

Design/methodology/approach

The construction cost data of 30 concrete bridge projects which are in Sri Lanka constructed within the past ten years were trained and tested to develop an ANN cost model. Backpropagation technique was used to identify the number of hidden layers, iteration and momentum for optimum neural network architectures.

Findings

An ANN cost model was developed, furnishing the best result since it succeeded with around 90% validation accuracy. It created a cost estimation model for the public sector as an accurate, heuristic, flexible and efficient technique.

Originality/value

The research contributes to the current body of knowledge by providing the most accurate early-stage cost estimate for the concrete bridge systems in Sri Lanka. In addition, the research findings would be helpful for stakeholders and policymakers to propose policy recommendations that positively influence the prediction of the most accurate cost estimate for concrete bridge construction projects in Sri Lanka and other developing countries.

Keywords

Citation

Fernando, N., T.A., K.D. and Zhang, H.(J). (2024), "An artificial neural network (ANN) approach for early cost estimation of concrete bridge systems in developing countries: the case of Sri Lanka", Journal of Financial Management of Property and Construction, Vol. 29 No. 1, pp. 23-51. https://doi.org/10.1108/JFMPC-09-2022-0048

Publisher

:

Emerald Publishing Limited

Copyright © 2023, Emerald Publishing Limited

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