THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUE

THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUE

The critical path method (CPM) and linear programming are two closely related operations research techniques. Some of their concepts are presented in this paper in order to review some recent modelling structures that have been particularly valuable in the analysis of project time-cost crashes probl...

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Bibliographic Details
Main Authors: Dražen Barković, Josip Jukić
Format: Article
Language:English
Published: Faculty of Economics in Osijek 2017-01-01
Series:Ekonomski Vjesnik
Subjects:
critical path method
linear programming
time crashing
maintenance
Online Access:http://hrcak.srce.hr/file/282998
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spelling doaj-99bacccbe3ce4b4ea675600067f91f352020-11-24T23:05:50Zeng Faculty of Economics in OsijekEkonomski Vjesnik0353-359X1847-22062017-01-01302287300THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUEDražen Barković0Josip Jukić1Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek, Osijek, CroatiaCollege of Slavonski Brod, Slavonski Brod, CroatiaThe critical path method (CPM) and linear programming are two closely related operations research techniques. Some of their concepts are presented in this paper in order to review some recent modelling structures that have been particularly valuable in the analysis of project time-cost crashes problems.</p><p>The activities underwent crashing of both the time and cost using linear programming. A simplified representation of a small project and a linear programming model were formulated to represent this system. In addition to being simple, the advantage of this method is that it is applicable to large networks. It allows for a shorter computational time at a lower cost, whereas robustness is increased.http://hrcak.srce.hr/file/282998critical path methodlinear programmingtime crashingmaintenance
collection DOAJ
language English
format Article
sources DOAJ
author Dražen Barković
Josip Jukić
spellingShingle Dražen Barković
Josip Jukić
THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUE
Ekonomski Vjesnik
critical path method
linear programming
time crashing
maintenance
author_facet Dražen Barković
Josip Jukić
author_sort Dražen Barković
title THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUE
title_short THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUE
title_full THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUE
title_fullStr THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUE
title_full_unstemmed THE OPTIMIZATION OF TIME AND COST PROCESS TECHNIQUE
title_sort optimization of time and cost process technique
publisher Faculty of Economics in Osijek
series Ekonomski Vjesnik
issn 0353-359X
1847-2206
publishDate 2017-01-01
description The critical path method (CPM) and linear programming are two closely related operations research techniques. Some of their concepts are presented in this paper in order to review some recent modelling structures that have been particularly valuable in the analysis of project time-cost crashes problems.</p><p>The activities underwent crashing of both the time and cost using linear programming. A simplified representation of a small project and a linear programming model were formulated to represent this system. In addition to being simple, the advantage of this method is that it is applicable to large networks. It allows for a shorter computational time at a lower cost, whereas robustness is increased.
topic critical path method
linear programming
time crashing
maintenance
url http://hrcak.srce.hr/file/282998
work_keys_str_mv AT drazenbarkovic theoptimizationoftimeandcostprocesstechnique
AT josipjukic theoptimizationoftimeandcostprocesstechnique
AT drazenbarkovic optimizationoftimeandcostprocesstechnique
AT josipjukic optimizationoftimeandcostprocesstechnique
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