Artificial Intelligence (AI) Based Tool to Estimate Contract Time PDF Download
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Author: Hyung Seok Jeong
Publisher:
ISBN:
Category : Artificial intelligence
Languages : en
Pages : 0
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Book Description
MDT is in the process of modernizing their contract time determination processes by developing user-friendly tools to facilitate the estimation process of project duration and contract time. As part of this modernization effort, a top-down project duration estimation tool was developed in this research project. This tool is particularly useful when there is limited project information available during the early preconstruction stages. This research project involved the development of an Artificial Intelligence (AI) based model that can predict the most probable duration of a construction project using an early cost estimate, major controlling work items, and their estimated quantities as input values. Additionally, a regression model with the same set of input variables was developed as a companion to the AI model. The models were trained and tested using historical project data of more than 1,000 highway projects from 2008 to 2019. To operationalize the models, a user-friendly Microsoft Excel tool named AI-PDET (Artificial Intelligence based Project Duration Estimation Model) was created. AI-PDET can be used throughout the preconstruction phases to quickly determine a reasonable project duration for proper project planning and delivery. Furthermore, it can serve as a reality check tool alongside bottom-up tools during the procurement stage. This report also provides specific guidance on updating the models and the database with new project data in AI-PDET.
Author: Hyung Seok Jeong
Publisher:
ISBN:
Category : Artificial intelligence
Languages : en
Pages : 0
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Book Description
MDT is in the process of modernizing their contract time determination processes by developing user-friendly tools to facilitate the estimation process of project duration and contract time. As part of this modernization effort, a top-down project duration estimation tool was developed in this research project. This tool is particularly useful when there is limited project information available during the early preconstruction stages. This research project involved the development of an Artificial Intelligence (AI) based model that can predict the most probable duration of a construction project using an early cost estimate, major controlling work items, and their estimated quantities as input values. Additionally, a regression model with the same set of input variables was developed as a companion to the AI model. The models were trained and tested using historical project data of more than 1,000 highway projects from 2008 to 2019. To operationalize the models, a user-friendly Microsoft Excel tool named AI-PDET (Artificial Intelligence based Project Duration Estimation Model) was created. AI-PDET can be used throughout the preconstruction phases to quickly determine a reasonable project duration for proper project planning and delivery. Furthermore, it can serve as a reality check tool alongside bottom-up tools during the procurement stage. This report also provides specific guidance on updating the models and the database with new project data in AI-PDET.
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Author: Raghava Morusupalli
Publisher: Springer Nature
ISBN: 3031364023
Category : Computers
Languages : en
Pages : 810
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Book Description
The 47 full papers and 24 short papers included in this book were carefully reviewed and selected from 245 submissions. These articles cater to the most contemporary and happening topics in the fields of AI that range from Intelligent Recommendation Systems, Game Theory, Computer Vision, Reinforcement Learning, Social Networks, and Generative AI to Conversational and Large Language Models. They are organized into four areas of research: Theoretical contributions, Cognitive Computing models, Computational Intelligence based algorithms, and AI Applications.
Author: Adolfo Crespo Márquez
Publisher: Springer Nature
ISBN: 3031254481
Category : Technology & Engineering
Languages : en
Pages : 736
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Book Description
This book gathers selected peer-reviewed papers from the 16th World Congress on Engineering Asset Management (WCEAM), held in Seville from 5–7 October 2022. This book covers a wide range of topics in Engineering Asset Management, including: Asset management and decision support system Industry 4.0 tools and its impact on asset management Monitoring, diagnostics and prognostics for smart maintenance Asset life cycle management Asset management in the industrial sector Human dimensions and asset management performance Infrastructure Asset management Asset condition, risk, resilience, and vulnerability assessments Asset operations and maintenance strategies Reliability and resilience engineering Applications of international and local guidelines and standards The breadth and depth of this state-of-the-art, comprehensive proceedings make it an excellent resource for asset management practitioners, researchers and academics, as well as undergraduate and postgraduate students.
Author: Soumi Dutta
Publisher: Springer Nature
ISBN: 9819735947
Category :
Languages : en
Pages : 493
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Book Description
Author: United States. National Aeronautics and Space Administration
Publisher:
ISBN:
Category :
Languages : en
Pages : 756
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Book Description
Author: Ada Scupola
Publisher: Edward Elgar Publishing
ISBN: 1035301970
Category : Business & Economics
Languages : en
Pages : 375
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Book Description
This Handbook examines the impacts of AI on the innovation of services, service processes and business models. It presents state-of-the-art conceptual and empirical evidence concerning uses and applications of AI in different service sectors and from varying perspectives.
Author: Abebe-Bard Ai Woldemariam
Publisher: 1A
ISBN:
Category : Computers
Languages : en
Pages : 0
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Book Description
Revolutionizing the Blueprint: AI Takes Control of Construction Oversight CONVERSATIONAL CHAT INFORMATIVE BOOK By ABEBE- BARD AI WOLDEMARIAM This book explores the transformative potential of artificial intelligence (AI) in construction oversight. It dives deep into how AI technologies can revolutionize various aspects of construction management, from real-time monitoring and quality control to enhanced safety, improved scheduling, and optimized workflows. Key Topics: From Eye on the Ground to Eye in the Sky: This section explores real-time monitoring with AI, including drone surveillance, sensor-based data collection, and automated reporting. Beyond Bricks and Mortar: This part focuses on AI's role in improving safety and quality control, covering AI-powered inspections, hazard prediction, and wearable technology for worker wellbeing. Time is Money, Efficiency is Gold: This section explores how AI optimizes workflows through predictive scheduling, scenario simulations, and intelligent decision-making assistance. The Power of Data, the Promise of Progress: This part highlights the benefits of AI-powered oversight, including increased efficiency, reduced errors, enhanced safety, cost savings, and data-driven insights. Challenges and Chinks in the Armor: This section tackles the challenges of AI adoption in construction, including data security, algorithmic bias, integration with existing systems, and the need for human-AI collaboration. The Blueprint for the Future: This concluding section envisions a future where AI empowers construction with ethical considerations, sustainability, and collaboration at its core. Target Audience: This book is ideal for: Construction professionals (owners, contractors, engineers, architects) Technology enthusiasts interested in AI applications Business leaders exploring AI integration in their industries Anyone curious about the future of construction with AI Unique Selling Points: Comprehensive overview of AI applications in construction oversight. Practical insights for construction professionals to leverage AI tools. Collaborative authorship by both AI and human experts. Focus on ethical considerations and responsible AI development. Overall, "Revolutionizing the Blueprint" offers a compelling and insightful exploration of the transformative power of AI in construction, paving the way for a safer, smarter, and more efficient future for the industry.
Author: Livia Rainsberger
Publisher: Springer Nature
ISBN: 3658382511
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
This book offers sales managers a quick overview of the possible applications of artificial intelligence in sales and explains basic functionalities. What is behind terms such as Sales Automation, Sales AI Analytics, Sales Enablement, Conversational AI, Lead Intelligence, Dynamic Pricing, Sales Management Intelligence and many more? Where is the concrete potential for sales organizations? And how will AI change the work in sales? The author presents the AI tools available on the market today and their application and describes the advantages and disadvantages as well as the limits and possibilities using clear examples. Executives in marketing and sales as well as entrepreneurs and managing directors, especially in medium-sized companies, will receive answers to the most important questions and additionally concrete recommendations for action for the implementation in their own companies.
Author: Rosa Maria Ballardini
Publisher: Kluwer Law International B.V.
ISBN: 9403503416
Category : Law
Languages : en
Pages : 511
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Book Description
The digitization of industrial processes has suddenly taken a great leap forward, with burgeoning applications in manufacturing, transportation and numerous other areas. Many stakeholders, however, are uncertain about the opportunities and risks associated with it and what it really means for businesses and national economies. Clarity of legal rules is now a pressing necessity. This book, the first to deal with legal questions related to Industrial Internet, follows a multidisciplinary approach that is instructed by law concerning intellectual property, data protection, competition, contracts and licensing, focusing on business, technology and policy-driven issues. Experts in various relevant fields of science and industry measure the legal tensions created by Industrial Internet in our global economy and propose solutions that are both theoretically valuable and concretely practical, identifying workable business models and practices based on both technical and legal knowledge. Perspectives include the following: regulating Industrial Internet via intellectual property rights (IPR); data ownership versus control over data; artificial intelligence and IPR infringement; patent owning in Industrial Internet; abuse of dominance in Industrial Internet platforms; data collaboration, pooling and hoarding; legal implications of granular versioning technologies; and misuse of information for anticompetitive purposes. The book represents a record of a major collaborative project, held between 2016 and 2019 in Finland, involving a number of universities, technology firms and law firms. As Industrial Internet technologies are already being used in several businesses, it is of paramount importance for the global economy that legal, business and policy-related challenges are promptly analyzed and discussed. This crucially important book not only reveals the legal and policy-related issues that we soon will have to deal with but also facilitates the creation of legislation and policies that promote Industrial-Internet-related technologies and new business opportunities. It will be warmly welcomed by practitioners, patent and other IPR attorneys, innovation economists and companies operating in the Industrial Internet ecosystem, as well as by competition authorities and other policymakers.
