Cost estimating system

Boots – shoes – and leggings

Patent

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

395923, 364188, 364401R, 36446401, 434108, G06F 1718

Patent

active

055465641

ABSTRACT:
A data estimating system for estimating a value of the highest probability which would correspond to a desired factor by statistically processing data having been determined from a plurality of factors. The factors are roughly divided into basic factors and environmental factors, and each of which is further classified into predetermined grades. The basic factor is a factor which would most generally affect on the determination of the data value. A weighed average is calculated in each class of the basic and environmental factors to be subject to statistical processing. The weighed average of the basic factor is then corrected by the use of a ratio of the weighed average of the environmental factor to the weighed average of all data as a correcting index, so as to provide a final estimation value. Thus using the environmental factor as a correcting index would enable to provide a result with high accuracy of estimation by simple calculation process.

REFERENCES:
patent: 4700318 (1987-10-01), Ockman
patent: 5189606 (1993-02-01), Burns et al.
patent: 5249120 (1993-09-01), Foley
Christian et al., "Using Knowledge and Experiences for Planning the Cost-Time Profile of Construction Activities", University of New Brunswick, pp. 571-583.
Nacke et al., "A Building, Material, Labour, and Cost Information System" American Society of Agricultural Engineers, 1984, pp. 1-13.
Lusky et al., "Fundamental Concepts in Substation Design", IEEE 1993 pp. D2-D25.
Kitazawa et al., "Intelligence Document Generation System for Construction Planning", IEEE 1992, pp. 14-19.
"Cost Planning for Construction Project" by Foundational Juridical Person Construction Cost Research Group, Aug. 25, 1990, pp. 312-345. (English Translation enclosed herewith).

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Cost estimating system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Cost estimating system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Cost estimating system will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-1056600

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.