| Title |
A Study on the Model for Time-Cost Trade-off by Using Genetic Algorithms |
| Authors |
Shin Yoon-Seok ; Kim Jae-Youp ; Seo Deok-Seok ; Kang Kyung-In |
| Keywords |
genetic algorithms ; time-cost trade-off ; optimal solution |
| Abstract |
The decision of appropriate cost and duration is one of the most important things which effect on project's success at early stage. This is so-called time-cost trade-off problem, which has been studied extensively. However, this problem is difficult and complex because of taking consideration into reduction of duration and cost simultaneously. This paper proposes a model for time-cost trade-off optimization by using genetic algorithms, which is more effective enough to solve large-scale CPM network than previous methods. As a result of the research, the model of time-cost trade-off by using genetic algorithms is effective in finding time-cost trade-off optimization. |