Structural Design Considerations in House Builders' Model: Optimization Approach
Publication: Journal of Infrastructure Systems
Volume 5, Issue 3
Abstract
In a housing market model, the supply of housing, particularly new houses, is usually treated in a very cursory fashion, with new housing being regarded as homogeneously good and building cost function defined as a function of capital and labor costs. This paper formally recognizes heterogeneity in a housing model and introduces engineering design parameters in building cost function. Using structural engineering concepts, an engineering cost function is derived in terms of design parameters. A multiobjective compromise optimization algorithm is suggested to choose from various building cost functions. An empirical application of this method is demonstrated by solving the production function of a modular room 3.5 m × 3.5 m in area and 3.14 m in height.
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Information & Authors
Information
Published In
Journal of Infrastructure Systems
Volume 5 • Issue 3 • September 1999
Pages: 102 - 110
History
Received: Jun 23, 1995
Published online: Sep 1, 1999
Published in print: Sep 1999
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