Optimization of Bonus-Penalty Structure in Flexible Resources-Constrained Project Scheduling Problems from Both Sides of the Contract

Author(s):  
Guorong Chai ◽  
Shitao Huang ◽  
Guoxing Zhang ◽  
Yana Su
2021 ◽  
Vol 11 (2) ◽  
pp. 650
Author(s):  
Muritala Adebayo Isah ◽  
Byung-Soo Kim

Construction projects are planned in a complex and dynamic environment characterized by high risks and uncertainties amidst resource constraints. Assessing construction schedule risk facilitates informed decision-making, especially in a resource-constrained situation, and allows proactive actions to be taken so that project objectives are not jeopardized. This study presents a stochastic multiskilled resource scheduling (SMSRS) model for resource-constrained project scheduling problems (RCSPSP) considering the impact of risk and uncertainty on activity durations. The SMSRS model was developed by integrating a schedule risk analysis (SRA) model (developed in MS Excel) with an existing multiskilled resource scheduling (MSRS) algorithm for the development of a feasible and realistic schedule. The computational experiment carried out on three case projects using the proposed SMSRS model revealed an average percentage deviation of 10.50%, indicating the inherent risk and uncertainty in activity durations of the project schedule. The core contribution of the proposed SMSRS model is that it: (1) presents project practitioners with a simple tool for assessing the risks and uncertainty associated with resource-constrained project schedules so that necessary response actions can be taken to ensure project success; (2) provides the small-scale construction businesses with an affordable tool for evaluating schedule risk and developing a feasible and realistic project schedule.


2003 ◽  
Vol 148 (3) ◽  
pp. 604-620 ◽  
Author(s):  
Mario Vanhoucke ◽  
Erik Demeulemeester ◽  
Willy Herroelen

OR Spectrum ◽  
2010 ◽  
Vol 34 (3) ◽  
pp. 635-663 ◽  
Author(s):  
Isabel Correia ◽  
Lídia Lampreia Lourenço ◽  
Francisco Saldanha-da-Gama

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