Robust scheduling and robustness measures for the discrete time/cost trade-off problem

Öncü HazIr, Mohamed Haouari and Erdal Erel

European Journal of Operational Research, 2010, vol. 207, issue 2, 633-643

Abstract: Projects are often subject to various sources of uncertainties that have a negative impact on activity durations and costs. Therefore, it is crucial to develop effective approaches to generate robust project schedules that are less vulnerable to disruptions caused by uncontrollable factors. In this paper, we investigate the robust discrete time/cost trade-off problem, which is a multi-mode project scheduling problem with important practical relevance. We introduce surrogate measures that aim at providing an accurate estimate of the schedule robustness. The pertinence of each proposed measure is assessed through computational experiments. Using the insights revealed by the computational study, we propose a two-stage robust scheduling algorithm. Finally, we provide evidence that the proposed approach can be extended to solve a complex robust problem with tardiness penalties and earliness revenues.

Keywords: Project; scheduling; Time/cost; trade-off; Robustness; Simulation (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:207:y:2010:i:2:p:633-643

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