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A multi-objective approach for decision making during the project life cycle

Author

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  • Yossi Bukchin
  • Shai Rozenes

Abstract

This paper is concerned with the multi-objective nature of projects and proposes a comprehensive methodology for the decision making process during the project life cycle. We address a situation in which several decisions are considered, where each may affect the major project objectives: time, cost and scope. The objectives are formally defined and a multi-objective, mixed-integer, linear-programming formulation for the decision selection is developed. We then provide the decision maker with a set of non-dominated alternatives, each associated with a subset of the feasible decisions.

Suggested Citation

  • Yossi Bukchin & Shai Rozenes, 2011. "A multi-objective approach for decision making during the project life cycle," International Journal of Project Organisation and Management, Inderscience Enterprises Ltd, vol. 3(2), pages 184-203.
    • Handle: RePEc:ids:ijpoma:v:3:y:2011:i:2:p:184-203
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    Cited by:

    1. Radek DOSKOČIL & Karel DOUBRAVSKÝ, 2017. "Qualitative Evaluation of Knowledge Based Model of Project Time-Cost as Decision Making Support," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 51(1), pages 263-280.

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