Xiong, Y and Kuang, Y (2008) Applying an ant colony optimization algorithm-based multiobjective approach for time-cost trade-off. Journal of Construction Engineering and Management, 134(2), pp. 153-156. ISSN 0733-9364
Abstract
The time-cost trade-off is one of the most crucial aspects of construction project planning, which in fact is a combinatorial optimization problem. This technical note employed an evolutionary algorithm-ant colony optimization (ACO) algorithm to deal with the time-cost trade-off problems. Combining with the modified adaptive weight approach, the ACO algorithm can find out the optimal solutions, and define the Pareto front as well. The development of the ACO-based multiobjective approach in this technical note provides an attractive alternative to solving construction time-cost optimization.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | algorithms; cost control; optimization; project management; time factors |
| Index terms: | time-cost trade-off, project management, construction time, ant colony optimization, evolutionary algorithm, cost control, construction project, cost optimization |
| Subjects: | financial and cost management, project controls, decision-making and optimization, economics, algorithms, quantity surveying, project management theory and practice, production management |
| Topics: | Time Control, Digital Applications, Risk Management, Cost Management, Project Management, Research Practice |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here