Time Cost Optimization Techniques in Construction Industries-A Review Article

Authors

  • Abhishek R
  • B Prakash Rao

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

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Published

2021-01-15

Issue

Vol. 5 No. 2 (2015)

Section

Research Article

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