Time, Cost and Quality Trade-off Analysis in Construction of Projects

The completion time and nonrenewable resources are traditionally considered for construction of project. When renewable resources, quality and some criteria considered for the project, the risk related to criteria has to be taken into account. Thus project planning problem can be defined as multicriteria decision problem under risk. In this paper, a project scheduling problem including time, cost, quality trade offs is analyzed. First, evaluations of projects with respect to the criteria are generated. Next, these evaluations are compared with respect to the criteria. Finally, the interactive technique is used for the selection of the most desirable resource allocation. A numerical example is presented to illustrate the applicability of the new technique in construction of projects.

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