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Fuzzy Multi-objective Programming Application for Time-Cost Trade-off of CPM in Project Management

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Computational Collective Intelligence. Technologies and Applications (ICCCI 2010)

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Abstract

In pragmatic project management cases, many complex resources and large-scale related activities are involved. Moreover, when situations are under the conflict and incommensurate of time and cost, it becomes more difficult for managers to make their decisions. Hence, we construct fuzzy multi-objective programming model from CPM technique. Through emphasizing the selectable flexibility among the feasible projects, we describe the decision problem brought from uncertainty and complex in project. In our research, taking the conflict and incommensurate of time and cost as two major factors, we measure weight and priority to denote the importance degree between the objectives. Adopting Tiwari et al., we also develop the result when trading off the decision vs. the vague environment of time and cost and the past’ single objective’ method has become the exceptional case of multi-objective models. Secondly, we broaden the consumed time and cost of activity events when assumptions are certain to merge the practical situation. We applied fuzzy number to express estimate time and cost. It based on Lee and Li method to solve this problem. Finally, we employ numerical example to explain it with LINGO package to calculate.

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Yang, G.K. (2010). Fuzzy Multi-objective Programming Application for Time-Cost Trade-off of CPM in Project Management. In: Pan, JS., Chen, SM., Nguyen, N.T. (eds) Computational Collective Intelligence. Technologies and Applications. ICCCI 2010. Lecture Notes in Computer Science(), vol 6421. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-16693-8_24

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  • DOI: https://doi.org/10.1007/978-3-642-16693-8_24

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-16692-1

  • Online ISBN: 978-3-642-16693-8

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