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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:10.55041/IJSREM37178

MULTI-OBJECTIVE OPTIMIZATION IN PROJECT SCHEDULING: BALANCING TIME, COST, AND QUALITY IN MULTI-FAMILY CONSTRUCTION

Stream/Area:

-

Subject:

-

Paper ID:

10.55041/IJSREM37178

Volume:

8 |

8 |

Aug 2024

Pages:

Publication Frequency:

Monthly (12 issues per year)

DOI
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10.55041/IJSREM37178

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Aditya Pandit

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Abstract

Project scheduling aims to balance competing time, cost, and quality objectives. Traditional scheduling methods like CPM focus on time optimization but cannot systematically consider trade-offs between objectives. This paper reviews state-of-the-art multi-objective optimization (MOO) techniques for construction project scheduling, focusing on multi-family projects. MOO provides a mathematical framework to balance multiple objectives simultaneously and evaluate trade-offs through Pareto-optimal solutions. Algorithms and mathematical programming methods applied to optimize time-cost quality are discussed. MOO offers advantages over traditional approaches by considering interactions, resource optimization, risk management, and dynamic adjustment capabilities. However, it’s essential to know the challenges around data availability, computational complexity, model adaptability, and stakeholder buy-in when implementing optimization. Awareness of these challenges will help you prepare for and overcome them in your construction project scheduling.

KEYWORDS

project scheduling multi-objective optimization Pareto optimality time-cost-quality trade-offs multi-family construction evolutionary algorithms mathematical programming Monte Carlo simulation discrete-event simulation risk management resource optimization stakeholder engagement construction management.

Cite This Article

Aditya Pandit, "MULTI-OBJECTIVE OPTIMIZATION IN PROJECT SCHEDULING: BALANCING TIME, COST, AND QUALITY IN MULTI-FAMILY CONSTRUCTION," International Journal of Scientific Research in Engineering and Management, vol. 8, no. 8, Aug 2024. https://doi.org/10.55041/IJSREM37178

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Publication Date

8/25/2024

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Double-Blind Peer Review

Review Rounds: 2

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1

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5

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The authors declare no conflict of interest related to this research work.

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