The Bi-Criterial Approach to Project Cost and Schedule Buffers Sizing

Paweł Błaszczyk (), Tomasz Błaszczyk () and Maria B. Kania ()
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Paweł Błaszczyk: University of Silesia
Tomasz Błaszczyk: University of Economics in Katowice
Maria B. Kania: University of Silesia

Chapter Chapter 9 in New State of MCDM in the 21st Century, 2011, pp 105-114 from Springer

Abstract: Abstract The aim of this research was the trial of modelling and optimizing the time-cost trade-offs in project planning problem with taking into account the behavioral impact of performers’ (or subcontractors’) estimations of basic activity parameters. However, such a model must include quantitative measurements of budget and duration, so we proposed to quantify and minimize the apprehension of their underestimations. The base of the problem description contains both safe and reasonable amounts of work estimations and the influence factors matrix. We assumed also the pricing opportunity of performance improving. Theoretical considerations were examined in several examples solved in spreadsheet environment.

Keywords: Buffer management; Project planning; Time-cost trade-off (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-19695-9_9

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DOI: 10.1007/978-3-642-19695-9_9

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