An agency perspective for multi-mode project scheduling with time/cost trade-offs

2019 ◽  
Vol 105 ◽  
pp. 167-186 ◽  
Author(s):  
Tarik Aouam ◽  
Mario Vanhoucke
2005 ◽  
Vol 36 (1) ◽  
pp. 51-59 ◽  
Author(s):  
Mario Vanhoucke ◽  
Ann Vereecke ◽  
Paul Gemmel

The Project Scheduling Game is an IT-supported simulation game that illustrates the complexity of scheduling a real-life project. The project is based on a sequence of activities for a large real-life project at the Vlaamse Maatschappij voor Watervoorziening, which aims at the expansion of the capacity to produce purified water. The basic problem type that we use in the game has been described in the literature as a CPM (critical path method) network problem, and focuses on the time/cost relationship in each activity of the project. Indeed, by allocating resources to a particular activity, the manager decides about the duration and corresponding cost of each network activity. The manager schedules the project with the negotiated project deadline in mind, focusing on the minimization of the total project cost.


2019 ◽  
Vol 9 (1) ◽  
pp. 44-63 ◽  
Author(s):  
Marimuthu Kannimuthu ◽  
Benny Raphael ◽  
Ekambaram Palaneeswaran ◽  
Ananthanarayanan Kuppuswamy

Purpose The purpose of this paper is to develop a framework to optimize time, cost and quality in a multi-mode resource-constrained project scheduling environment. Design/methodology/approach A case study approach identified the activity execution modes in building construction projects in India to support multi-mode resource-constrained project scheduling. The data required to compute time, cost and quality of each activity are compiled from real construction projects. A binary integer-programming model has been developed to perform multi-objective optimization and identify Pareto optimal solutions. The RR-PARETO3 algorithm was used to identify the best compromise trade-off solutions. The effectiveness of the proposed framework is demonstrated through sample case study projects. Findings Results show that good compromise solutions are obtained through multi-objective optimization of time, cost and quality. Research limitations/implications Case study data sets were collected only from eight building construction projects in India. Practical implications It is feasible to adopt multi-objective optimization in practical construction projects using time, cost and quality as the objectives; Pareto surfaces help to quantify relationships among time, cost and quality. It is shown that cost can be reduced by increasing the duration, and quality can be improved only by increasing the cost. Originality/value The use of different activity execution modes compiled from multiple projects in optimization is illustrated, and good compromise solutions for the multi-mode resource-constrained project scheduling problems using multi-objective optimization are identified.


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