Author(s)

Haochuan Jia ¹

Affiliation(s)

¹ Zhejiang College of Security Technology, Wenzhou, Zhejiang, 325016, China

Corresponding Author

Haochuan Jia

ABSTRACT

Aiming at the unreasonable problem of current construction project budget, this paper puts forward the construction method of construction project budget estimation model based on grey Markov chain. The content system of construction project budget is optimized, and the risk evaluation algorithm of construction project budget is optimized combined with grey Markov chain, so as to accurately identify the construction budget risk, and simplify the steps of construction project budget estimation. It is confirmed by experiments. The experimental results show that the construction project budget estimation model based on grey Markov chain has high practicability and fully meets the research requirements.

KEYWORDS

Grey markov chain, Architectural engineering, Project budget, Budget evaluation

CITE THIS PAPER

Haochuan Jia, Construction of Construction Project Budget Estimation Model Based on Grey Markov Chain. Advances in Computer, Signals and Systems (2022) Vol. 6: 79-90. DOI: http://dx.doi.org/10.23977/acss.2022.060310.

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