Application of particle swarms for project time-cost optimization

The time-cost optimization of a construction project, as related to the costs of its activities and the total project realization costs, is considered in this paper. Direct and indirect costs, durations of all activities, project realization time, and relations between activities, are taken into acc...

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Bibliographic Details
Main Authors: Živojin Praščević, Nataša Praščević
Format: Article
Language:English
Published: Croatian Association of Civil Engineers 2014-12-01
Series:Građevinar
Online Access:https://doi.org/10.14256/JCE.1048.2014
Description
Summary:The time-cost optimization of a construction project, as related to the costs of its activities and the total project realization costs, is considered in this paper. Direct and indirect costs, durations of all activities, project realization time, and relations between activities, are taken into account. The particle swarm optimisation method is applied for solving this nonlinear problem. The authors adjusted this method for the time-cost optimization, and developed for that purpose an appropriate computer programme in the scope of the MATLAB programming system.
ISSN:0350-2465
1333-9095