Comparative study of time cost optimization- a case study

Hallikerimath, Ritesh D and Raghavan, Srinivasa V (2016) Comparative study of time cost optimization- a case study. International Journal of Science Technology and management, 5 (4). pp. 90-97. ISSN 2394-1537

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Construction Planning is the most important phase of the project. Planning regarding crew size, materials, equipments etc., should be done in the planning phase. Construction planners use Critical path Method & PERT analysis to reduce the duration of the project. As the duration of the project reduces, the cost of the project increases i.e. there is a Trade-off between Time & Cost. The Study shows comparative results of the two techniques used to achieve Time-Cost Optimization. The two techniques used were Critical Path Method-Project Crashing Method & Linear Programming Method (LP). To compare the results a case study was considered i.e. construction of a Water Treatment Plant. Hence this paper presents: 1) Application of Project Crashing Method & 2) Application of Linear Programming (LP).

Item Type: Article
Uncontrolled Keywords: CPM, Linear Programming Method, Project Crashing Method, Time-Cost Trade-off.
Subjects: Engineering > MIT Manipal > Civil Engineering
Depositing User: MIT Library
Date Deposited: 17 Oct 2016 09:44
Last Modified: 17 Oct 2016 09:44

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