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Updated: Sep 17, 2025

A Cost-effective and Reliable Method to Predict Mechanical Stress in Single-use and Standard Pumps
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Research on engineering cost prediction based on similarity.

Xue Ping Jia1, Yong Zhi Liu2

  • 1School of Architecture and Engineering, Fu Zhou Polytechnic, Fuzhou, 350108, Fujian, China.

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|July 2, 2025
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Summary

This study introduces a Vague Similarity (VS) method for accurate construction cost prediction, overcoming limitations in rapid quotation processes. The approach enhances prediction accuracy and reduces computational complexity for engineering projects.

Keywords:
Engineering costPredictionSimilarityVague

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Area of Science:

  • Construction Management
  • Engineering Economics
  • Data Science

Background:

  • Rapid quotation processes in construction projects often suffer from inaccurate cost predictions and high computational complexity.
  • Uncertainty in unit prices, influenced by factors like season, location, and market conditions, is a key challenge, presenting as quotation value ranges.

Purpose of the Study:

  • To propose a novel method for construction cost prediction that addresses inaccuracies and computational complexity in rapid quotation.
  • To leverage Vague Similarity (VS) to handle the inherent uncertainty in construction project unit prices.

Main Methods:

  • A conversion technique transforms interval values (representing uncertain unit prices) into Vague values.
  • The engineering characteristic matrix is converted into a Vague matrix for analysis.
  • Vague Similarity (VS) is employed to identify reference projects closely matching the target project's characteristics.

Main Results:

  • The method successfully identifies similar reference projects based on Vague Similarity.
  • Unit costs for the intended construction project are predicted using formulas applied to the identified similar projects.
  • A case study demonstrates the practical application and validates the method's rationality.

Conclusions:

  • The proposed Vague Similarity (VS) method offers a rational and effective approach to construction cost prediction.
  • This method enhances accuracy and reduces computational complexity compared to traditional rapid quotation techniques.
  • The transformation of interval data into Vague values is crucial for handling price uncertainties in construction.