| Title |
Total Float Distribution Using the Linear Programming |
| Authors |
Lee Gul-Chan ; Kim Kyung-Rai ; Shin Dong-Woo |
| Keywords |
Float ; Float ownership ; Delay risk ; Float distribution |
| Abstract |
The Critical Path Method(CPM) is an effective tool used for planning and scheduling. One of the strong point in the CPM is what it can calculate float. Float can be used without having an effect on overall schedule of project. However, concept and scope about ownership is not defined yet because it is a by-product of the project. Thus participants have had many disputes in using float because of their interests. In recent years, a few theories have evolved in an attempt to solve this problem. But the previous research did not make a reasonable distribution of float because their criteria of distribution was based on ratio for total project time. Actually, an application of float is achieved by participant's delay risk. Therefore, this paper proposes a framework for the assessment of the delay risks and criteria for float distribution using delay risks. Furthermore, this paper proposes distribution method by linear programming that is able to distribute reasonably and systematically using the value of risk assessment. |