Time –Cost Trade-off Optimal Approaches

Hêriş Golpîra (), Heibatolah Sadeghi and Syed Abdul Rehman Khan
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Hêriş Golpîra: Sanandaj Branch, Islamic Azad University, Department of Industrial Engineering
Heibatolah Sadeghi: University of Kurdistan, Department of Industrial Engineering
Syed Abdul Rehman Khan: School of Management and Engineering, Xuzhou University of Technology

Chapter Chapter 5 in Application of Mathematics and Optimization in Construction Project Management, 2021, pp 119-140 from Springer

Abstract: Abstract The Time–Cost Trade-off has been recognized as an important aspect of construction project management subject to the project’s fixed budget/deadline or obtains minimum cost/duration for the project. It is, in its continuous or discrete variants, generally dealt with the deterministic or nondeterministic mathematical, heuristic, and metaheuristic approaches. Stochastic, fuzzy, and robust optimizations are the modeling approaches that are widely used in the background of the concept. Although there is reach literature on the context, no comprehensive review research exists to draw a framework of the past mathematical approaches and to critically shed light on potential directions for future research. This research is presented to fill this gap by extensively reviewing and classifying the literature of the concept and provide some potential directions for future research.

Keywords: Time–cost trade-off; Optimization; Review; Project management (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-81123-5_5

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DOI: 10.1007/978-3-030-81123-5_5

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