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Growing Science » Decision Science Letters » A case study to estimate costs using Neural Networks and regression based models

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Decision Science Letters
ISSN 1929-5812 (Online) - ISSN 1929-5804 (Print)
Quarterly Publication
Volume 1 Issue 1 pp. 1-10, 2012

A case study to estimate costs using Neural Networks and regression based models Pages 1-10 Right click to download the paper Download PDF

Authors: Adil Salam, Fantahun M. Defersha, Nadia Bhuiyan

📋 Author Affiliations:
A. Salama1, F.M. Defersha ORCID 2, N. Bhuiyan1
1 Department of Mechanical and Industrial Engineering, Concordia University, Montreal, QC, H3G 1M8, 1455 de Maisonneuve W., Canada
2 School of Engineering, University of Guelph, Guelph, ON, N1G 2W1, 50 Stone Road East, Canada
doi 10.5267/j.dsl.2012.07.002
Crossref Source: CrossRef

🔑 Keywords: Neural networks, Parametric models, Target cost

Abstract: Bombardier Aerospace’s high performance aircrafts and services set the utmost standard for the Aerospace industry. A case study in collaboration with Bombardier Aerospace is conducted in order to estimate the target cost of a landing gear. More precisely, the study uses both parametric model and neural network models to estimate the cost of main landing gears, a major aircraft commodity. A comparative analysis between the parametric based model and those upon neural networks model will be considered in order to determine the most accurate method to predict the cost of a main landing gear. Several trials are presented for the design and use of the neural network model. The analysis for the case under study shows the flexibility in the design of the neural network model. Furthermore, the performance of the neural network model is deemed superior to the parametric models for this case study.

How to cite this paper
APA: Salam, A., Defersha, F & Bhuiyan, N. (2012). A case study to estimate costs using Neural Networks and regression based models. Decision Science Letters, 1(1), 1-10.
Chicago/Turabian: Salam, A., Defersha, F & Bhuiyan, N. 2012. "A case study to estimate costs using Neural Networks and regression based models." Decision Science Letters 1, no. 1 (2012): 1-10.
AMA: Salam, A., Defersha, F & Bhuiyan, N. A case study to estimate costs using Neural Networks and regression based models. Decision Science Letters. 2012;1(1):1-10.

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📚 Journal: Decision Science Letters | 📅 Year: 2012 | 📖 Volume: 1 | 📄 Issue: 1 | 👁️ Views: 2488 | 📊 Crossref:

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