Towards A Framework for Development of Operational and Maintenance Cost Model of Highway Project in Malaysia
Monirul Islam1, Sarajul Fikri Mohamed2, Syamsul Hendra Mahmud3, Alghamdi Khalid Ahmed M4, Karban Abdullah Saeed5
1Monirul Islam, Department of Quantity Surveying, Faculty of Built Environment, University Teknologi Malaysia, Johor Bahru, Malaysia,
2Sarajul Fikri Mohamed, Department of Quantity Surveying, Faculty of Built Environment, University Teknologi Malaysia, Johor Bahru, Malaysia,
3Syamsul Hendra Mahmud, Department of Quantity Surveying, Faculty of Built Environment, University Teknologi Malaysia, Johor Bahru, Malaysia.
4Alghamdi Khalid Ahmed M, Umm Alqura University, College of Engineering and Islamic Architecture.
5Karban Abdullah Saeed, Umm Alqura University, College of Engineering and Islamic Architecture.
Manuscript received on January 02, 2020. | Revised Manuscript received on January 03, 2020. | Manuscript published on January 15, 2020. | PP: 89-95 | Volume-4 Issue-5, January 2020 | Retrieval Number: E0530014520/2020©BEIESP | DOI: 10.35940/ijmh.E0530.014520
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: A major role of cost model is to ensure that the resource being handled is maintainable, functional and secure. The last decade has shown that attention to the idea of cost model added value to accomplish this management. In the context of cost model research and practice, the purpose of this paper is to identify, compare and describe the different cost models and investigate their value parameters. A systematic literature review of various publications has been followed in order to categorize the different theoretical models and to analyze the key quality parameters in the cost model. The established eight theoretical models were described in the sense of cost and the variant research projects and structures have taken into account very diverse parameters. In cost models, this analysis organizes 11-various quality parameters into four relevant headings: individuals, system and material, economy and social. Among all value parameters, cost reduction and customer satisfaction, followed by efficiency, are the most prioritized value parameters. This paper results provide a sound basis and realistic interpretation of future research to harmonize the definition of cost model added value as it is based solely on literature review.
Keywords: Cost Model; Highway Maintenance; Highway Project; Maintenance costs; Maintenance issues.