Comparison of a Fuzzy Genetic and Simulated Annealing Algorithm Approach for Project Time-Cost Tradeoff

Author

Glišović, Nataša

Source

Journal of Applied Mathematics

Issue

Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-12, 12 p.

Publisher

Hindawi Publishing Corporation

Publication Date

2014-07-22

Country of Publication

Egypt

No. of Pages

12

Main Subjects

Mathematics

Abstract EN

Project planning, defining the limitations and resources by leveling the resources available, have a great importance for the management projects.

All these activities directly affect the duration and the cost of the project.

To get a competitive value on the market, the project must be completed at the optimum time.

In other to be competitive enough the optimum or near optimum solutions of time cost tradeoff and the resource leveling and resource constrained scheduling problems should be obtained in the planning phase of the project.

One important aspect of the project management is activity crashing, that is, reducing activity time by adding more resources such as workers and overtime.

It is important to decide the optimal crash plan to complete the project within the desired time period.

The comparison of fuzzy simulated annealing and the genetic algorithm based on the crashing method is introduced in this paper to evaluate project networks and determine the optimum crashing configuration that minimizes the average project cost, caused by being late and crashing costs in the presence of vagueness and uncertainty.

The evaluation results based on a real case study indicate that the method can be reliably applied to engineering projects.

American Psychological Association (APA)

Glišović, Nataša. 2014. Comparison of a Fuzzy Genetic and Simulated Annealing Algorithm Approach for Project Time-Cost Tradeoff. Journal of Applied Mathematics،Vol. 2014, no. 2014, pp.1-12.
https://search.emarefa.net/detail/BIM-500534

Modern Language Association (MLA)

Glišović, Nataša. Comparison of a Fuzzy Genetic and Simulated Annealing Algorithm Approach for Project Time-Cost Tradeoff. Journal of Applied Mathematics No. 2014 (2014), pp.1-12.
https://search.emarefa.net/detail/BIM-500534

American Medical Association (AMA)

Glišović, Nataša. Comparison of a Fuzzy Genetic and Simulated Annealing Algorithm Approach for Project Time-Cost Tradeoff. Journal of Applied Mathematics. 2014. Vol. 2014, no. 2014, pp.1-12.
https://search.emarefa.net/detail/BIM-500534

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references

Record ID

BIM-500534