Time-Cost Trade-off Optimization of Construction Projects using Teaching Learning Based Optimization

Accelerating the project schedule raises the total cost of the project and shall be efficient only up to a certain limit. A Time-Cost Trade-off Problem (TCTP) is utilized to detect the optimal set of time-cost alternatives to enhance the overall construction project benefit. In this study, to find a set of Pareto front solutions, a multi-objective optimization model which is based on the Teaching- Learning Based Optimization (TLBO) incorporated with the Modified Adaptive Weight Approach (MAWA), is proposed. Four examples of construction projects taken from the technical literature ranging from 7 to 63 activities are investigated to show the performance of the MAWA-TLBO. The results are compared with those obtained using previously proposed models considering the optimal or near optimal solutions. It was found that the MAWA-TLBO algorithm works effectively for the TCTP in construction engineering and management field.

[1]  Behrooz Golzarpoor,et al.  Time-Cost Optimization of Large-Scale Construction Projects Using Constraint Programming , 2012 .

[2]  Taher Niknam,et al.  Probabilistic multiobjective wind-thermal economic emission dispatch based on point estimated method , 2012 .

[3]  Manoj Kumar Tiwari,et al.  A fuzzy clustering-based genetic algorithm approach for time-cost-quality trade-off problems: A case study of highway construction project , 2013, Eng. Appl. Artif. Intell..

[4]  R. Venkata Rao,et al.  Teaching-learning-based optimization: A novel method for constrained mechanical design optimization problems , 2011, Comput. Aided Des..

[5]  Ashraf Elazouni,et al.  Expanding Finance-Based Scheduling to Devise Overall-Optimized Project Schedules , 2007 .

[6]  Chung-Wei Feng,et al.  Using genetic algorithms to solve construction time-cost trade-off problems , 1997 .

[7]  Ali Kaveh,et al.  Nondominated Archiving Multicolony Ant Algorithm in Time-Cost Trade-Off Optimization , 2009 .

[8]  Vedat Toğan,et al.  Design of pin jointed structures using teaching-learning based optimization , 2013 .

[9]  Chung-Wei Feng,et al.  Stochastic construction time-cost trade-off analysis , 2000 .

[10]  S. Thomas Ng,et al.  An ant colony system based decision support system for construction time-cost optimization , 2012 .

[11]  Mohammad Reza Nikoo,et al.  A novel multi criteria decision making model for optimizing time-cost-quality trade-off problems in construction projects , 2015, Expert Syst. Appl..

[12]  R. Rao,et al.  Multi-objective optimization of heat exchangers using a modified teaching-learning-based optimization algorithm , 2013 .

[13]  Ala Nasir Aljorany,et al.  Heave Behavior of Granular Pile Anchor-Foundation System (GPA-Foundation System) in Expansive Soil , 2023, Journal of Engineering.

[14]  Mohan M. Kumaraswamy,et al.  Applying Pareto Ranking and Niche Formation to Genetic Algorithm-Based Multiobjective Time–Cost Optimization , 2005 .

[15]  Önder Halis Bettemir,et al.  A hybrid genetic algorithm for the discrete time-cost trade-off problem , 2012, Expert Syst. Appl..

[16]  Abbas Afshar,et al.  GA-based multi-objective optimization of finance-based construction project scheduling , 2010 .

[17]  Saman Aminbakhsh,et al.  Discrete particle swarm optimization method for the large-scale discrete time-cost trade-off problem , 2016, Expert Syst. Appl..

[18]  Jorge Magalhães-Mendes,et al.  MULTIOBJECTIVE OPTIMIZATION: TIME-COST APPLICATION IN CONSTRUCTION , 2015 .

[19]  Hong Zhang,et al.  Fuzzy-multi-objective particle swarm optimization for time―cost―quality tradeoff in construction , 2010 .

[20]  Taher Niknam,et al.  $\theta$-Multiobjective Teaching–Learning-Based Optimization for Dynamic Economic Emission Dispatch , 2012, IEEE Systems Journal.

[21]  Tayfun Dede,et al.  A teaching learning based optimization for truss structures with frequency constraints , 2015 .

[22]  R. Venkata Rao,et al.  Multi-objective optimization of two stage thermoelectric cooler using a modified teaching-learning-based optimization algorithm , 2013, Eng. Appl. Artif. Intell..

[23]  M. Ammar.  Optimization of Project Time-Cost Trade-Off Problem with Discounted Cash Flows , 2011 .

[24]  Ying Xiong,et al.  Applying an Ant Colony Optimization Algorithm-Based Multiobjective Approach for Time–Cost Trade-Off , 2008 .

[25]  Mohan M. Kumaraswamy,et al.  Applying a Genetic Algorithm-Based Multiobjective Approach for Time-Cost Optimization , 2004 .

[26]  Jongyul Kim,et al.  A practical approach to project scheduling: considering the potential quality loss cost in the time–cost tradeoff problem , 2012 .

[27]  Taehoon Hong,et al.  An integrated multi-objective optimization model for solving the construction time-cost trade-off problem , 2015 .

[28]  Donald E. Grierson,et al.  Comparison among five evolutionary-based optimization algorithms , 2005, Adv. Eng. Informatics.

[29]  Madjid Tavana,et al.  A new multi-objective multi-mode model for solving preemptive time-cost-quality trade-off project scheduling problems , 2014, Expert Syst. Appl..

[30]  Vedat Toğan,et al.  Design of planar steel frames using Teaching–Learning Based Optimization , 2012 .