Gray Forecasting & Optimal Decision-making On The Capital Construction Cost Of Thermal Power Generating Units

Because the capital construction cost of thermal power generating units is nonlinear, we advance a new method which applies the gray forecast to cost?forecast and optimize. We get the GM (1,1) models of direct cost and indirect cost with time limit for the project being variable. Making use of the relations among direct cost, indirect cost and total cost, we get the best time limit for the project, thus giving the best T-C optimal decision-making. Li Jin-ying (Technical economic and management) Directed by Prof. Qi Jian-xun...