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Related Concept Videos

Control Systems01:10

Control Systems

Control systems are everywhere in contemporary society, influencing diverse applications from aerospace to automated manufacturing. These systems can be found naturally within biological processes, such as blood sugar regulation and heart rate adjustment in response to stress, as well as in man-made systems like elevators and automated vehicles. A control system is essentially a network of subsystems and processes that collaboratively convert specific inputs into desired outputs.
At the heart...
Decision Making: P-value Method01:09

Decision Making: P-value Method

The process of hypothesis testing based on the P-value method includes calculating the P- value using the sample data and interpreting it.
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim  is also stated. These statements can act as null and alternative hypotheses:  a null hypothesis would be a neutral statement while the alternative hypothesis can have a...
Methods of Medium Optimization01:28

Methods of Medium Optimization

Optimizing growth media enhances microbial proliferation and maximizes product yield. Statistical experimental design methodologies provide structured and reproducible approaches, offering progressively higher levels of robustness and efficiency.The One-Factor-at-a-Time (OFAT) MethodThe One-Factor-at-a-Time (OFAT) method involves adjusting a single variable while keeping all others constant. However, it cannot detect interactions between variables, often leading to suboptimal outcomes when...
Distributed Loads: Problem Solving01:21

Distributed Loads: Problem Solving

Beams are structural elements commonly employed in engineering applications requiring different load-carrying capacities. The first step in analyzing a beam under a distributed load is to simplify the problem by dividing the load into smaller regions, which allows one to consider each region separately and calculate the magnitude of the equivalent resultant load acting on each portion of the beam. The magnitude of the equivalent resultant load for each region can be determined by calculating...
Control Systems: Applications01:25

Control Systems: Applications

Electrical engineering plays a pivotal role in our daily lives, with control systems at the heart of many applications, from home appliances to sophisticated space shuttles. Control systems manage and regulate the behavior of devices and processes, ensuring they function safely, correctly, and efficiently.
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Decision Making: Traditional Method01:14

Decision Making: Traditional Method

The process of hypothesis testing based on the traditional method includes calculating the critical value, testing the value of the test statistic using the sample data, and interpreting these values.
First, a specific claim about the population parameter is decided based on the research question and is stated in a simple form. Further, an opposing statement to this claim is also stated. These statements can act as null and alternative hypotheses, out of which a null hypothesis would be a...

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Related Experiment Videos

Intelligent system in the cost control of commercial complex projects: Data-driven optimization method.

Shiming Wang1, Yifei Li1, Debao Yao1

  • 1School of Business Administration, Liaoning Technical University, Huludao, Liaoning, China.

Plos One
|June 18, 2026
PubMed
Summary
This summary is machine-generated.

This study introduces a data-driven approach using value engineering (VE) and Fuzzy Analytic Hierarchy Process (FAHP) to optimize commercial complex project costs. The integrated model achieved a 2.87% cost reduction in a real-world case study.

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Area of Science:

  • Construction Management
  • Engineering Economics
  • Operations Research

Background:

  • Commercial complex development involves large-scale operations and significant cost management challenges.
  • Traditional cost control methods often struggle with the complexity inherent in these projects.
  • Optimizing cost efficiency is crucial for the financial success of commercial developments.

Purpose of the Study:

  • To propose a data-driven intelligent approach for optimizing cost management in commercial complex projects.
  • To integrate value engineering (VE) principles, specifically Function Analysis System Technique (FAST), into construction cost control.
  • To develop and validate a novel model combining VE with Fuzzy Analytic Hierarchy Process (FAHP) for enhanced cost optimization.

Main Methods:

  • The study integrates Value Engineering (VE) with a Fuzzy Analytic Hierarchy Process (FAHP) model.
  • Function Analysis System Technique (FAST) is employed to define VE study objectives and functional coefficients.
  • Systematic cost and value coefficient calculations enable real-time monitoring and post-implementation reviews.

Main Results:

  • The proposed VE-FAHP model was applied to an existing commercial complex project.
  • A comparative analysis demonstrated a cost reduction from 74,886,333.3 yuan to 72,740,121.5 yuan.
  • The optimized approach achieved a significant 2.87% reduction in total project costs.

Conclusions:

  • The integrated VE-FAHP model offers an effective data-driven solution for optimizing commercial complex project costs.
  • This approach helps avoid irrational construction expenditures and supports continuous project optimization.
  • The methodology provides a valuable tool for improving cost management efficiency in large-scale construction.