Time Cost Optimization Techniques in Construction Industries-A Review Article

Abstract

Construction project scheduling and optimizing the schedule has received a considerable amount of attention over the last few decades. Completion of a project in optimum time and minimum cost is a challenge in every project. There are many methods and algorithms available; using which time cost optimization (TCO) can be achieved. This article gives a review on critical path method (CPM), linear programming (LP), genetic algorithm (GA) and ant colony optimization (ACO); which are most commonly used techniques in optimization. An attempt has been made to identify the future scope of work in this area.

Keywords: Optimization, construction, resources, methods, crashing