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http://dx.doi.org/10.6106/JCEPM.2014.4.4.033

Time-Profit Trade-Off of Construction Projects Under Extreme Weather Conditions  

Senouci, Ahmed (Qatar University)
Mubarak, Saleh (Qatar University)
Publication Information
Journal of Construction Engineering and Project Management / v.4, no.4, 2014 , pp. 33-40 More about this Journal
Abstract
Maximizing the profitability and minimizing the duration of construction projects in extreme weather regions is a challenging objective that is essential for project success. An optimization model is presented herein for the time-profit trade-off analysis of construction projects under extreme weather conditions. The model generates optimal/near optimal schedules that maximize profit and minimize the duration of construction projects in extreme weather regions. The computations in the model are organized into: (1) a scheduling module that develops practical schedules for construction projects, (2) a profit module that computes project costs (direct, indirect, and total) and project profit, and (3) a multi-objective module that determines optimal/near optimal trade-offs between project duration and profit. One example is used to show the impact of extreme weather on construction time and profit. Another example is used to show the model's ability to generate optimal trade-offs between the time and profit of construction projects under extreme weather conditions.
Keywords
genetic algorithms; multi-objective optimization; construction profit; construction total cost; construction duration; extreme weather conditions;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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