Finance-based CPM/LOB scheduling of projects with repetitive non-serial activities
AbstractProjects of repetitive non-serial activities constitute a major category of construction projects which can be scheduled more conveniently using the line of balance (LOB) technique. Generally, scheduling activities such that the expenditures are always in balance with the available cash is a must to devise financially feasible schedules. The objective is to integrate a CPM/LOB model for a project of repetitive non-serial activities with a cash flow model and utilize the integrated model to devise financially feasible schedules. The genetic algorithms (GAs) technique is employed to maximize the profit at the end of the project under the constraints of available cash. The optimization of the integrated models was demonstrated using an example project of 15 activities carried out at five units. The CPM/LOB model was validated against the results of a dynamic programming model in the literature and further by conducting a sensitivity analysis of the results of the integrated model. Finally, the model offers an effective financial planning tool for projects of repetitive non-serial activities.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Construction Management and Economics.
Volume (Year): 27 (2009)
Issue (Month): 9 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RCME20
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.