• ISSN: 2010-0248
    • Abbreviated Title: Int. J. Innov.  Manag. Technol.
    • Frequency: Bimonthly
    • DOI: 10.18178/IJIMT
    • Editor-in-Chief: Prof. Jin Wang
    • Executive Editor: Ms. Nina Lee
    • Abstracting/ Indexing: Google Scholar, Ulrich's Periodicals Directory,  Crossref and ProQuest, Electronic Journals Library.
    • E-mail: ijimt@ejournal.net
IJIMT 2018 Vol.9(6): 285-290 ISSN: 2010-0248
doi: 10.18178/ijimt.2018.9.6.826

Time-Cost Trade off to Compensate Delay of Project Using Genetic Algorithm and Linear Programming

Hamed Naseri and Mohammad Ali Etebari Ghasbeh
Abstract— In projects, specific times are considered for controlling, monitoring, and measuring the development. In monitoring day, the delay may exist. Contractor should pay definite money for delay punishment at the end of project. Also contractor can hire new workers and can use extra equipment to reduce the duration time of project. Time-cost trade off analysis is considered to make balance between paying money for increasing resources and paying money for delay punishment to minimize the cost. Genetic algorithm and Linear programming are used to show the efficiency of time-cost trade off analysis in a case study. Both algorithms provide suitable solutions. Nevertheless, the Linear programming solution is better than that of Genetic algorithm.

Index Terms— Cost of delay punishment, Genetic Algorithm (GA), Linear Programming (LP), optimization, Time-Cost Trade off Problem (TCTP).

Hamed Naseri and Mohammad Ali Etebari Ghasbeh are with Iran University of Science and Technology (IUST), Iran (e-mail: hamed_naseri1993@yahoo.com, mohammadali_etebari@yahoo.com).

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Cite: Hamed Naseri and Mohammad Ali Etebari Ghasbeh, " Time-Cost Trade off to Compensate Delay of Project Using Genetic Algorithm and Linear Programming," International Journal of Innovation, Management and Technology vol. 9, no. 6, pp. 285-290, 2018.

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