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Discrete Time-Cost Tradeoff with a Novel Hybrid Meta-Heuristic

In: Multiple Criteria Decision Making for Sustainable Energy and Transportation Systems

Author

Listed:
  • Kamal Srivastava
  • Sanjay Srivastava

    (Dayalbagh Educational Institute)

  • Bhupendra. K. Pathak
  • Kalyanmoy Deb

Abstract

In this paper, we present a new hybrid meta-heuristic (HMH) technique for solving multiobjective discrete time-cost tradeoff (TCT) problem in project scheduling. The proposed technique hybridizes a multiobjective genetic algorithm and simulated annealing, and is apposite for problems where generation of complete Pareto front, a TCT curve in this case, is essential for a decision-maker. Discrete TCT problem is known to be NP-hard. We solved two test problems of discrete TCT using HMH – on comparing the Pareto front results of HMH with those of analytical method, HMH performs well in terms of efficiency and accuracy.

Suggested Citation

  • Kamal Srivastava & Sanjay Srivastava & Bhupendra. K. Pathak & Kalyanmoy Deb, 2010. "Discrete Time-Cost Tradeoff with a Novel Hybrid Meta-Heuristic," Lecture Notes in Economics and Mathematical Systems, in: Matthias Ehrgott & Boris Naujoks & Theodor J. Stewart & Jyrki Wallenius (ed.), Multiple Criteria Decision Making for Sustainable Energy and Transportation Systems, pages 177-188, Springer.
  • Handle: RePEc:spr:lnechp:978-3-642-04045-0_15
    DOI: 10.1007/978-3-642-04045-0_15
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