A Review for the Multi-Objective Optimization of Time-Cost-Risk Trade-off in Construction
DOI:
https://doi.org/10.5281/zenodo.14515089Anahtar Kelimeler:
Time Cost Risk Trade-off, Multi objective optimization, Optimization Algorithms in ConstructionÖzet
This study explores a multi-objective optimization approach to the Time-Cost-Risk (TCR) trade-off in construction projects, aiming to improve decision-making and project outcomes. The methodology centers on applying advanced optimization algorithms to simultaneously manage the often-conflicting objectives of time, cost, and risk. Through a detailed analysis of various algorithmic approaches, including comparisons of their performance and applicability, this paper demonstrates how these tools can aid in identifying the solutions, where no objective can be improved without compromising another. Case studies from the construction industry illustrate the practical implications of these algorithms, showing how TCR optimization can support more balanced and resilient project planning. This work aims to advance the understanding of multi objective optimization algorithms that approach TCR trade-off, providing a foundation for ongoing improvements in construction project management.
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Telif Hakkı (c) 2024 Theint Shwe Sin, Tayfun Dede
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