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Solution Algorithm for Time/Cost Trade-off Stochastic Project Scheduling Problem

Takumi Kitamura () and Takayuki Shiina ()
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Takumi Kitamura: Waseda University
Takayuki Shiina: Waseda University

A chapter in Operations Research Proceedings 2018, 2019, pp 467-473 from Springer

Abstract: Abstract In project management, the duration of the job is determined by the man-hour and resources inputted to the job. The duration can be shortened by increasing the amount of additional resources input. The cost increases according to the input of the resource. This problem is referred to as the Time/Cost Trade-off Problem (TCTP). In this study, the relation between time and cost is represented by an inverse proportional curve. We present a solution to the Stochastic Discrete TCTP-Curve (SDTCTP-C) in which the duration of the job is defined as a random variable.

Keywords: Stochastic programming; Time/Cost Trade-off Problem; Project scheduling (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-030-18500-8_58

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DOI: 10.1007/978-3-030-18500-8_58

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