The Dynamic Progress of the Project Cost Optimization

Nan-nan Liu (), Jian-ping Yang and Qi Chen
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Nan-nan Liu: Xi’an University of Architecture and Technology
Jian-ping Yang: Xi’an University of Architecture and Technology
Qi Chen: Sinosteel Luoyang Institute of Refractories Research Co. Ltd

Chapter Chapter 21 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 187-193 from Springer

Abstract: Abstract In the view of the defects of the traditional model to optimize the exchange of time and cost, this article introduces the dynamic optimization by considering the time value to receive the schedule scheme, of which the present value is lowest. This essay establishes the model of dynamic time optimization based on the progress of the project payment, aims to realize the maximization of the net present value from the prospects of the contractor. The objective function including the cash inflow and outflow of the project implementation: owner pay, activity direct costs, project indirect expenses and so on.

Keywords: Fonts; Formatting; Margins; Cost (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38433-2_21

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DOI: 10.1007/978-3-642-38433-2_21

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