Construction Cost Prediction Method of Electric Power Construction Engineering Based on Grey Theory
A grey theory based method for predicting the construction cost of power construction projects is proposed to improve the accuracy of cost prediction.This method first takes the substation construction project as an example to conduct cost prediction analysis for power construction.Then,based on the selected five indicators and grey theory,a construction cost prediction model is constructed to achieve cost prediction function.The results show that the prediction error of the construction cost using the proposed method is only 0.02%,proving that it can effectively predict the construction cost of this type of project.
grey theoryelectric power construction engineeringcost forecast