Marzouk, M (2006) Utility theory model for equipment selection. Construction Innovation, 6(1), pp. 21-32. ISSN 1471-4175
Abstract
This paper presents a model for equipment selection in earthmoving operations, utilizing multiattribute utility theory, analytical hierarchy process and computer simulation. Fleet configurations in the developed model are generated randomly from predefined fleet scenarios within a specified range. Simulation experiments are conducted for these generated configurations. The performance of these configurations is obtained from simulation experiments in the form of four measures which represent loader utilization, hauler utilization, project duration and project total cost. The utility values which represent the degree of satisfaction with those measures are estimated. These utility values are multiplied by their corresponding measures' weights, calculated utilizing the analytical hierarchy process, in order to estimate the expected utility for each configured fleet. The fleet configuration that has the largest utility value is selected as the optimum fleet for the case at hand. A numerical example is presented to illustrate the different features of the developed model.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | analytical hierarchy process; computer simulation; earthmoving operations; multiattribute utility theory; resource management |
| Index terms: | duration, estimate, earthmoving, analytical hierarchy process, resource management, equipment selection, satisfaction, simulation experiment, configuration, computer simulation, utility theory |
| Subjects: | procurement capability, project controls, decision-making and optimization, economic theory, systems engineering, control systems, modelling and simulation, construction operations, project delivery, financial and cost management |
| Topics: | Research Practice, Project Management, Engineering Principles, Cost Management, Supply Chain Management, Digital Applications, Time Control, Site Management |
| Descriptive scope: | 4 PCTA |
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