Grey forecasting of construction demand in Hong Kong over the next ten years

Title: Grey forecasting of construction demand in Hong Kong over the next ten years
Creator: Tan, Yongtao; Langston, Craig; Wu, Min; Ochoa, J. Jorge
Relation: International Journal of Construction Management Vol. 15, Issue 3, p. 219-228
Publisher Link: http://dx.doi.org/10.1080/15623599.2015.1066570
Publisher: Taylor & Francis
Resource Type: journal article
Date: 2015
Description: The Hong Kong construction industry since 1997 has experienced a difficult time in regard to construction output until recently. The future of the local construction industry remains uncertain. Forecasting of future development would be attractive to parties in the industry. Based on past data of the local construction industry, a grey forecasting model is developed to predict the annual growth of construction demand for Hong Kong over the next ten years. With the implementation of ten large infrastructure projects and further collaboration with the Pearl River Delta region, there will be many potential opportunities for the local industry, especially in the transportation sector. The data and the forecast are useful reference for clients, contractors and other industry participants to formulate their short-term and long-term strategic planning.
Subject: construction demand; forecasting; Grey model; Hong Kong
Identifier: http://hdl.handle.net/1959.13/1331333
Identifier: uon:26601
Identifier: ISSN:1562-3599
Language: eng
Reviewed

		Thumbnail	File	Description	Size	Format