One of the most important problems that arise in the realization of any project and especially complex projects is contractor choice optimization of all its activities. The term choice optimization presumes the selection of such contractors that will perform their activities, and thus the whole project, on schedule and at minimum cost. This paper analyzes these problems in detail and shows how they can be presented using models of combinatorial parametric optimization. Since the majority of algorithms for resolving these models is inconvenient for practical application, this paper recommends a modified PERT-COST algorithm for cost minimization of project realization based on its lead time.
TY - JOUR
AU - Vuleta, J.
AU - Andzić, S.
AU - Novaković, Saša
AU - Krstić, S.
AU - Subić, Jonel
PY - 2013
UR - http://aspace.agrif.bg.ac.rs/handle/123456789/3156
AB - One of the most important problems that arise in the realization of any project and especially complex projects is contractor choice optimization of all its activities. The term choice optimization presumes the selection of such contractors that will perform their activities, and thus the whole project, on schedule and at minimum cost. This paper analyzes these problems in detail and shows how they can be presented using models of combinatorial parametric optimization. Since the majority of algorithms for resolving these models is inconvenient for practical application, this paper recommends a modified PERT-COST algorithm for cost minimization of project realization based on its lead time.
T2 - Metalurgia International
T1 - Contractor choice optimization in complex projects
EP - 68
IS - 10
SP - 66
VL - 18
UR - https://hdl.handle.net/21.15107/rcub_agrospace_3156
ER -
@article{
author = "Vuleta, J. and Andzić, S. and Novaković, Saša and Krstić, S. and Subić, Jonel",
year = "2013",
abstract = "One of the most important problems that arise in the realization of any project and especially complex projects is contractor choice optimization of all its activities. The term choice optimization presumes the selection of such contractors that will perform their activities, and thus the whole project, on schedule and at minimum cost. This paper analyzes these problems in detail and shows how they can be presented using models of combinatorial parametric optimization. Since the majority of algorithms for resolving these models is inconvenient for practical application, this paper recommends a modified PERT-COST algorithm for cost minimization of project realization based on its lead time.",
journal = "Metalurgia International",
title = "Contractor choice optimization in complex projects",
pages = "68-66",
number = "10",
volume = "18",
url = "https://hdl.handle.net/21.15107/rcub_agrospace_3156"
}
