23 research outputs found
A stochastic model and algorithms for determining efficient time–cost tradeoffs for a project activity
A multi-objective integrated model for closed-loop supply chain configuration and supplier selection considering uncertain demand and different performance levels
Ant colony optimization algorithm for stochastic project crashing problem in PERT networks using MC simulation
Combining multi-class queueing networks and inventory models for performance analysis of multi-product manufacturing logistics chains
A study on complexity and uncertainty perception and solution strategies for the time/cost trade-off problem
In this article, the Discrete Time/Cost Tradeoff Problem (DTCTP) is revisited in light of a student experiment. Two solution strategies are distilled from the data of 444 participants and are structured by means of five building blocks: focus, activity criticality, ranking, intensity, and action. The impact of complexity and uncertainty on the cost objective is quantified in a large computational experiment. Specific attention is allocated to the influence of the actual and perceived complexity and uncertainty and the cost repercussions when reality and perception do not coincide