• IE interfaces
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• v.24 no.4
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• pp.408-419
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• 2011

R&D is a foundation for new business chance and productivity improvement leading to enormous expense and a long-term multi-step process. During the R&D process, decision-makers are confused due to the various future uncertainties that influence economic and technical success of the R&D projects. For these reasons, several decision-making models for R&D project investment have been suggested; they are based on traditional methods such as Discounted Cash Flow (DCF), Decision Tree Analysis (DTA) and Real Option Analysis (ROA) or some fusion forms of the traditional methods. However, almost of the models have constraints in practical use owing to limits on application, procedural complexity and incomplete reflection of the uncertainties. In this study, to make the constraints minimized, we propose a new model named Real Option Decision Tree Model which is a conceptual combination form of ROA and DTA. With this model, it is possible for the decision-makers to simulate the project value applying the uncertainties onto the decision making nodes.

• The Journal of the Korea Contents Association
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• v.11 no.6
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• pp.59-66
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• 2011

Resource constrained project scheduling problem with multiple resource constraints as well as precedence constraints is well-known as one of the NP-hard problem. Since these problems can't be solved by the deterministic method during reasonable time, the heuristics are generally used for getting a sub-optimal during reasonable time. In this paper, we introduce an efficient genetic algorithm for resource constrained project scheduling problem using crossover which is applying schema theory and real world tournament selection strategy. Experimental results showed that the proposed algorithm is superior to conventional algorithm.

• Proceedings of the Korea Water Resources Association Conference
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• 2015.05a
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• pp.244-244
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• 2015

Managed Aquifer Recharge (MAR) in the form of Aquifer Storage and Recovery (ASR) systems are being applied for numerous water augmentation projects both in developed and developing countries. Given the onset of Climate Change and its influence on weather patterns and land use, it has been acknowledged the utilization of this technology will be ever increasing. This technique like all others does have its drawbacks or disadvantages, whereby to overcome these drawbacks or disadvantages it is recommended that logical planning process be followed. In this study, we developed a decision framework known as "Decision framework for the planning, designing, construction/testing and implementation of subsurface water storage system" to further standardize the planning and design process of subsurface water storage system to increase the probability of having a successful ASR/ASTR project. The formulation of this framework was based on earlier frameworks, guidelines, published papers and technical reports which were compiled into a data collection database. The database of which consider both qualitative and quantitative aspect for example recharge objectives, site location, water chemistry of the native, source and recovered water, aquifer characteristics(hydraulic conductivity, transmissivity, porosity), injection/pumping rate, ecological constraints, societal restrictions, regulatory restrictions etc. The assimilation of these factors into a singular framework will benefit the broad spectrum of stakeholder as it maps the chronological order under which ASR project should be undertaken highlighting at each stage the feasibility of the project. The final stage of which should result in fully operational ASR system. The framework was applied to two case studies and through the application of a modified ASR site selection suitability index (Brown et al., 2005) a score was derived to identify the performance of each site. A high score of which meant a maximize chance of success given the reduce presence of project constraints.

• Journal of Construction Engineering and Project Management
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• v.4 no.3
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• pp.53-59
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• 2014

Project managers are responsible to conduct project on time with least amount of costs and the most possible quality with respect to shortage of resources and environmental certainties. They have to make the best decision to reach such conflicting objects. In this study the project scheduling with multi goals-multi modes was planned in fuzzy conditions under resource constraints and expanded by fuzzy goal programing (FGP). The project cost was calculated by the price of renewable resources and the quality criteria were evaluated by the quality function deployment method (QFD). Finally the model was verified by a construction case study with 22 activities along with solving by GAMS. The results showed that this model could provide a systematic framework to facilitate the decision making process and made the project managers to be able to schedule the project closer to reality.

• Korean Management Science Review
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• v.9 no.1
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• pp.119-137
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• 1992

A two phase heuristic algorithm has been developed for the resolution of resource conflicts in a single project scheduling problem. Phase 1 of the algorithm generates a feasible schedule by repairing resource conflicts. Phase 2 finds local improvements in the schedule found in phase 1. Then, the algorithm has been applied to multi project and job shop scheduling. Computational results are compared with those of dispatching procedures. Index Terms-disjunctive constraints, heuristic algorithm, project scheduling, job-shop scheduling.

• Korean Journal of Construction Engineering and Management
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• v.8 no.1 s.35
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• pp.124-131
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• 2007

Project management means usually managing the rate of construction progress. But it also contains preparing scheme of execution and establishing plan for equipment, material, labor force to finish project within expected duration. In this paper to establish effective project planning a road pavement operation is selected as a case and simulation method is used for analyzing it. Next probability distributions are created after analyzing collected data and these are reflected in simulation model. Simulated result is compared with real project planning using models of lean concrete pavement process and concrete slab pavement process to verify efficiency of this model. In the event we know that project planning using simulation is more effective than one of the field in the aspects of duration and cost. Meanwhile simulated result in this paper has a limitation in accuracy because various constraints of filed are not reflected in it. However if we reflect this constraints in model through examining field in future this limitation is expected to be improved.

• International conference on construction engineering and project management
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• 2011.02a
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• pp.468-473
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• 2011

The goal of a project manager is generally to minimize the cost of the project and also to cope with uncertainty. This paper deals with the problem of project scheduling a set of activities satisfying precedence constraints in order to minimize the sum of the costs associated with the starting times of the activities in the network with imprecise activity durations, represented by means of interval or fuzzy numbers. So far this problem has been completely solved by several authors when the activities durations have crisp values. However, they do not consider the imprecision in activity durations in their models. Here the framework of possibility theory is proposed to solve this problem. In fuzzy arithmetic, usually, the interval calculations are used for the aim of complexity reduction and simplification. Thus the case of interval-valued durations is first addressed, and then extended to fuzzy intervals. A numerical example is used to illustrate the developed concept.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.777-786
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• 2007

This paper presents a modified simulated annealing algorithm to optimize linear scheduling projects with multiple resource constraints and its effectiveness is verified with a proposed problem. A two-stage solution-finding procedure is used to model the problem. Then the simulated annealing and the modified simulated annealing are compared in the same condition. The comparison results and the reasons of improvement by the modified simulated annealing are presented at the end.

• International Journal of Computer Science & Network Security
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• v.22 no.10
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• pp.262-270
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• 2022

In the past two decades, there has been an increasing interest in project knowledge management, as knowledge is a crucial resource for project management success. Knowledge capture and sharing are two effective project management practices. Capturing and sharing project knowledge has become more efficient due to technological advances. Nevertheless, present technologies face several technical, functional, and usage obstacles and constraints. Thus, Blockchain technology might provide promising answers, yet, there is still a dearth of understanding regarding the technology's proper and practical application. Consequently, the goal of this study was to fill the gap in the literature about the adoption of Blockchain technology and to investigate the project stakeholders' acceptance and willingness to utilize the technology for capturing and sharing project knowledge. Due to this inquiry's exploratory and inductive characteristics, qualitative research methodology was used, namely the Grounded Theory research approach. Accordingly, eighteen in-depth, semi-structured interviews were conducted to collect the data. Concurrent data collection and analysis were undertaken, with findings emerging after three coding steps. Four influencing factors and one moderating factor were identified as affecting users' acceptance of Blockchain technology for capturing and sharing project knowledge. Consequently, the results of the study aimed to fill a gap in the existing literature by undertaking a comprehensive analysis of the unrealized potential of Blockchain technology to improve knowledge capture and sharing in the project management environment.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.974-979
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• 2005

Effective communication flow is a fundamental for the success of any construction projects. The key role of communications among project parties is even more critical in the case of Design-Build (DB) projects. Previous research has shown that these projects have an environment where integration between different project team members and schedule constraints increase channels of communication, and require faster communication flows. This paper summarizes the findings from research analyzing organizational structures and communication flow of the Texas State Highway 130 (SH130) project. Awarded in 2002, the SH130 project, totaling $1.3 billion USD, constitutes the "pilot" application for the DB approach in the state of Texas. A set of observations pertaining to team organization and communication issues in the design-build environment is included.