Utility of Designing Intelligent Algorithms to Streamline E-Commerce Operations and Construction Costs Estimates by Applying Principles of Sharing Economy: Coestim

Abstract

Through technological advances and the use of online platforms, the perfect environment was created to revolutionize the field of construction. Over the years, this field has faced difficulties in optimizing resources and reducing time and costs, but the maneuverability and operability of the project delivery process, of which are crucial elements. The economic and industrial crises of the last decade have exerted enormous pressure in the process of maximizing quality, being necessary models and algorithms to obtain an ideal recipe. This article presents the first proposal of a metaheuristic algorithm capable of optimizing the most important objectives of service providers in the time-quality-cost ratio without reaching a compromise disadvantaging one of the basic characteristics. The model is applied in the generation of estimates, revolutionizing the field of construction, based on the cost-estimate motto that leads to the abbreviation Coestim.

Keywords

• data fusion
• big data
• IoT
• e-commerce
• time-cost-quality
• multi-objective optimization