Paper Title :Time-Cost-Quality-Risk Trade-Off In Engineering Projects
Author :Nwaneri S.C, Anyaeche C.O
Article Citation :Nwaneri S.C ,Anyaeche C.O ,
(2015 ) " Time-Cost-Quality-Risk Trade-Off In Engineering Projects " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 304-306,
Volume-1,Issue-9, Special Issue-2, Oct
Abstract : In project management, the fundamental project concepts of Time, Cost, Quality and Risk are conflicting terms
which should be appropriately assigned to project activities to achieve the desired objectives of project stakeholders. In this
study an optimization model was developed for Time-Cost-Quality-Risk-Trade-offin projects. The algorithm was
implemented in the MATLAB software using multiobjective genetic algorithm and applied to a sample 18-activity
project.Pareto optimal solutions were generated from which the decision maker can choose based on his preferences.
Keywords- Time Cost, Quality, Risk And Optimization.
Type : Research paper
Published : Volume-1,Issue-9, Special Issue-2, Oct
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-3232
View Here
Copyright: © Institute of Research and Journals
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Published on 2015-10-30 |
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