Title: Project cost prediction based on grey Markov model
Abstract: According to the prediction problem of project cost which has larger random fluctuations,the similar engineering constructions' related data of one company in the past few years are studied,establishing Grey GM(1,1)model,and using Markov Chain analysis optimized data at the same time.The final result shows that the conclusion by the Grey Markov model to forecast project cost is consistent with actual situation,and the forecast model is reasonable and reliable which has a certain practicality.
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
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