• Title/Summary/Keyword: Project Completion Time

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Control Variates for Percentile Estimation of Project Completion Time in PERT Network (통제변수를 이용한 PERT 네트워크에서 프로젝트 완료확률의 추정)

  • 권치명
    • Journal of the Korea Society for Simulation
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    • v.9 no.4
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    • pp.67-75
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    • 2000
  • Often system analysts are interested in the estimation of percentile for system performance. For instance, in PERT network system, the percentile that the project. Typically the control variate method is used to reduce the variability of mean response using the correlation between the response and the control variates with a little additional cost during the course of simulation. In the same spirit, we apply this method to estimate the percentile of project completion time in PERT system, and evaluate the efficiency of the controlled estimator for its percentile.1 Simulation results indicate that the controlled estimators are more effective in reducing the variances of estimators than the simple estimators, however those tend to a little underestimate the percentiles for some critical values. We need more simulation experiments to examine such a kind of bias problem. We expect this research presents a step forward in the area of variance reduction techniques of stochastic simulation.

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Time Shortening of Structural Framework of High-rise Apartment Housing for the Urgent Project Area: Focused on the Cases of Insufficient Time or Delayed Projects

  • Bang, Jong-Dae;Lee, Do-Heun;Chun, Young-Soo;Park, Ji-Young;Lee, Bum-Sik;Jun, Myoung-Hoon
    • Land and Housing Review
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    • v.2 no.4
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    • pp.355-365
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    • 2011
  • Construction duration is very important as a factor which comprises three axises of construction management with quality and cost in construction project. In general project condition, construction duration is optimized while minimizing construction cost and securing required quality. However, in case of insufficient project time duration or delayed projects, project progress management is different from those of normal projects. These project areas need solutions to complete work within a given completion day. To time shortening the current duration of each typical floor of structural framework in apartment construction is investigated, and a basic time schedule planning for typical floor of structural framework in normal projects is planned. This study proposed 3 ways for time shortening of urgent project or insufficient construction duration project. Also, This study proposed detailed time shortening method and technical solution conditions while time is shortened.

Optimal Project Duration Estimation Through Enhanced Resource Leveling Technique (개선된 자원 평준화 기법을 활용한 적정 공기산정 방안)

  • Kim Kyung-Hwan;Yoon Yung-Sang;Kim Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.5 s.21
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    • pp.126-134
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    • 2004
  • Since a construction project is a series of works that utilizes resources to accomplish the project goal for a given time period, efficient resource management is a prerequisite for the success of the project. Two major areas of resource management are resource constrained scheduling focusing on the limited resource availability and resource leveling focusing on smoothing resource usage pattern on the fixed project completion time. It is not available, however, to apply both techniques to a project at the same time. This paper proposes a model to enhance the minimum moment algorithm of resource leveling, aiming to find an efficient usage of resources and an appropriate project completion time. A survey was performed to evaluate the major five factors in the model. A case study demonstrates the value of the proposed resource leveling technique.

IT Model to Calculate Required Equipments for Excavation Work in Construction Projects

  • Mahajan, Darshan A.;Rajput, Babalu L.
    • Journal of Construction Engineering and Project Management
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    • v.3 no.4
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    • pp.1-4
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    • 2013
  • Excavation is most commonly used activity in all construction projects. All contracting agencies prefer to use bigger and heavier excavators and dumpers on site to do excavations if quantity of excavation is huge. Estimation of required number of excavators and dumpers for completion of excavation could be rather a tedious process involving repetitive calculation on which professionals spend their valuable time. As the Information Technology is highly involved in construction section there os need to have IT model for estimation of number of excavators and dumpers. The developed model is useful to calculate required equipments within short period of time. The purpose of the developed IT model is to save the time and efforts of the construction professional. The paper discusses about model which can be used on site to estimate numbers of excavators and dumpers required for completion of certain quantity of excavation within the given time. The calculation considers various existing formulas and method to generate the output. This information could certainly be useful in planning equipments on construction project sites. The tool is user friendly where any non IT background person can use it on construction sites.

Stochastic Time-Cost Tradeoff Using Genetic Algorithm

  • Lee, Hyung-Guk;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.114-116
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    • 2015
  • This paper presents a Stochastic Time-Cost Tradeoff analysis system (STCT) that identifies optimal construction methods for activities, hence reducing the project completion time and cost simultaneously. It makes use of schedule information obtained from critical path method (CPM), applies alternative construction methods data obtained from estimators to respective activities, computes an optimal set of genetic algorithm (GA) parameters, executes simulation based GA experiments, and identifies near optimal solution(s). A test case verifies the usability of STCT.

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Project Time-Cost Tradeoff Problem with Milestones under an Uncertain Processing Time (불확실한 환경 하에서 중간 평가가 있는 시간-비용 프로젝트 문제)

  • Choi, Byung-Cheon;Chung, Jibok
    • Journal of the Korean Operations Research and Management Science Society
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    • v.38 no.2
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    • pp.25-42
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    • 2013
  • We consider a project time-cost tradeoff problem with two milestones, where one of the jobs has an uncertain processing time. Unless each milestone is completed on time, some penalty cost may be imposed. However, the penalty costs can be avoided by compressing the processing times of some jobs, which requires additional resources or costs. The objective is to minimize the expected total costs subject to the constraint on the expected project completion time. We show that the problem can be solved in polynomial time if the precedence graph of a project is a chain.

Sensitivity Analysis of Expected Project Completion Time in a PERT Network with Discrete Distributions (이산형 활동시간 분포를 갖는 PERT 네트워크에서 평균사업완성시간과의 민감도 분석)

  • Cho, Jae-Gyeun;Park, Chul-Jae
    • Journal of Korea Society of Industrial Information Systems
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    • v.12 no.1
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    • pp.108-117
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    • 2007
  • For a PERT network the sensitivity analyses are valuable tools for effective management and control of a project. In a previous article, a method was developed for the sensitivity analysis of the expected project completion time (${\mu}_{T}$) with respect to the expected duration of an activity (${\mu}_{i}$) under the assumption that the durations of activities are independent and normally distributed. In the present article, a method is presented for the sensitivity analysis of ${\mu}_{T}$ with respect to ${\mu}_{i}$ when the durations of activities are independent and follow discrete distributions, which utilizes the previous sensitivity analysis method with modifications. The accuracy of the proposed method is assessed using various example PERT networks, and the computational results indicate that the accuracy is comparable to that of direct Monte Carlo simulation.

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Solution of the Resource Constrained Project Scheduling Problem on the Foundation of a Term-Based Approach (Term-Based Approach를 기초로한 자원제한프로젝트스케줄링 문제의 해결)

  • Kim, Pok-Son
    • Journal of the Korean Institute of Intelligent Systems
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    • v.24 no.2
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    • pp.218-224
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    • 2014
  • The logic-based scheduling language RCPSV may be used to model resource-constrained project scheduling problems with variants for minimizing the project completion time. A diagram-based, nonredundant enumeration algorithm for the RCPSV-problem is proposed and the correctness of the algorithm is proved.

A COMPARATIVE STUDY OF DELAYS FACTORS IN PROJECT COMPLETION IN LIBYA AND UK CONSTRUCTION INDUSTRY

  • Shebob, A;Dawood, N; Xu, Q
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.614-620
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    • 2011
  • Delays in completing construction projects have significant financial and social impact to all parties involved in the construction process and in particular in developing countries. This is very evident in most construction projects in Libya and in both public and private sectors. The research study was initiated by Libyan Government and the main aim of the project is to develop a new strategy in reducing the impact of delay factors. In order to achieve this, a number of objectives have been set-to conduct a comprehensive literature survey, to conduct a comparative study of the delay factors in project completion in both Libya and UK using semi structured questionnaire and finally, to identify and analyse the causes of delay and ranked them using frequency of occurrence and severity. The critical causes of delay for construction projects were quite different between Libya and UK. For the former, the most critical causes of delay in Libyan construction industry were low skills of manpower, changes in the scope of the project, slowness in giving instruction and poor qualification of consultant, while for the latter they were financial problems, bad weather conditions on the job site and change in the scope of project. Statistical experiments including Paired Samples T-Test, was run to test the significance of the survey data in both countries Libya and UK. The statistical results confirmed the collected data from the survey were significant.

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