Solving the Project Time/Cost Tradeoff Problem Using the Minimal Cut Concept

Steve Phillips, Jr. and Mohamed I. Dessouky
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Steve Phillips, Jr.: University of South Florida
Mohamed I. Dessouky: University of Illinois, Urbana

Management Science, 1977, vol. 24, issue 4, 393-400

Abstract: This paper introduces a solution procedure for solving the project time/cost tradeoff problem of reducing a project duration at a minimum cost. The solution to the time/cost problem is achieved by locating a minimal cut in a flow network derived from the original project network. This minimal cut is then utilized to identify the project activities which should experience a duration modification in order to achieve the total project reduction. The paper will document this cut-based procedure and provide a practical application to a project situation.

Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:24:y:1977:i:4:p:393-400

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