Assessing Residual Value of Heavy Construction Equipment Using Predictive Data Mining Model
نویسندگان
چکیده
منابع مشابه
Assessing Residual Value of Heavy Construction Equipment Using Predictive Data Mining Model
Construction equipment constitutes a significant portion of investment in fixed assets by large contractors. To make the right decisions on equipment repair, rebuilding, disposal, or equipment fleet optimization to maximize the return of investment, the contractors need to predict the residual value of heavy construction equipment to an acceptable level of accuracy. Current practice of using ru...
متن کاملPredicting the Residual Value of Heavy Construction Equipment
Heavy construction equipment is routinely used on construction projects that entail earthmoving operations. Owning and operating these machines may comprise a significant portion of the project costs. An important element of the owning costs is the residual value. However, the nature of the residual value of construction equipment is largely unknown. Ongoing research at Virginia Tech examines t...
متن کاملDevelopments in Heavy Construction Equipment
H IST O R Y O F D E V E L O PM E N T An opportunity to discuss the development of any product must include a bit of history so that having observed where we have been one may have a clearer perspective of where we are and may be going. This discussion will try to capture all of these facets. Construction projects of one type or another date back to times before recorded history. M an’s hands we...
متن کاملData mining and statistical analysis of construction equipment failure
Purpose Construction equipment is a key resource, and contractors that own a large equipment fleet take all necessary measures to maximize equipment utilization and minimize equipment failures. Although most contractors implement scheduled maintenance programs and carry out periodic inspections and repairs on their construction equipment, it is still difficult to predict the occurrence of a spe...
متن کاملA Higher Education Predictive Model Using Data Mining Techniques
The main objective of the higher educational organization is to provide high quality and necessary education to its students. The two goals of data mining in Indian education system is to analyze and enhance the chronicle way of recent educational data mining advances development; the second is to preserve, organize and discuss the content of the result which is produced by a data mining approa...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Computing in Civil Engineering
سال: 2008
ISSN: 0887-3801,1943-5487
DOI: 10.1061/(asce)0887-3801(2008)22:3(181)