BIM-Based Automatic Calculation of Economic Evaluation Indexes Method Considering the Life Cycle Cost for Decision-Making in the Early Design Phase
Publication: ICCREM 2023
ABSTRACT
The economic decision has a decisive impact on the project investment and the economic benefits after the completion of the project. Calculating economic indexes through cash flow analysis is an important part of project investment control in the decision-making stage. The traditional preliminary estimation methods are based on manual integration of time and cost information, using other software to extract relevant data to calculate indicators, which has the disadvantages of inaccurate calculation and cumbersome operation. This paper proposes a method framework based on BIM to estimate the project’s whole life cycle cash flow and realize the automatic calculation of the economic indexes, to support the accuracy and efficiency of economic and technical decision-making in the early design phase.
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ICCREM 2023
Pages: 1100 - 1108
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Published online: Nov 30, 2023
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