An optimization model for energy project scheduling problem with cost-risk-quality-social consideration trade-off under uncertainty: A real-world application

Abstract

To complete a successful energy project, all aspects and criteria which can influence the project should be considered. Classic time-cost trade-off (TCT) is used when the completion time of project is not acceptable for customers or top managers. This paper proposes a new cost-risk-quality-social consideration trade-off (CRQST) model for energy projects in a time-constrained problem for achieving specified due date under uncertainty. Moreover, a new comprehensive definition of risk criterion is proposed, and a novel approach for the quality criterion of project based on the dependence of the quality of activities with each other is presented. The internal and external environment of the energy project are considered simultaneously and a new criterion in TCT problem, called social consideration criterion, is introduced. A developed fuzzy augmented ε-constraint method is introduced for the presented multi-objective model to generate Pareto-optimal solutions. To depict the accuracy of results, the proposed model is solved by goal attainment method, and the results of two methods are compared. As a case study, a real oil and gas project is presented, and results show that the proposed method enables managers to effectively handle construction projects in real-world uncertain environments.