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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Abstract

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
URI: http://eprints.manipal.edu/id/eprint/147186

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