Resource-Constrained Time-Cost Tradeoff for Repetitive Construction Projects

Abstract

The time-cost tradeoff problem is to find optimal combinations of construction options with the objective of minimizing project time and cost. In order to search for such a set of optimal solutions, the total time and cost of projects needs to be calculated properly. In repetitive construction projects (RCPs), due to division of work into several units and involvement of many resources for activities completion, scheduling is unique and more complicated. Scheduling method in this paper besides addressing common constraints such as precedence relationships, required lead time and lag distance between activities, enables project managers to consider all resources and their shortages in scheduling. To raise the practicality of model, in addition to direct and indirect costs, resource idle cost is considered as a cost element in estimating total cost of project. The time variant multi-objective particle swarm optimization is applied to find non-dominated solutions on the basis of minimizing time and cost of project. An application example is presented at the end to illustrate the performance of the model. This research presents a resource-constrained time-cost tradeoff model to find the optimal set of crew combinations for project activities in RCPs, considering time and cost simultaneously.