Title Budget-constrained Scheduling for Repetitive Construction Projects with Uncertain Supply of Funding
Authors Yi Kyoo-Jin
Page pp.143-150
ISSN 12269107
Keywords Scheduling ; Cost Planning ; Repetitive Project ; Project Management ; Cost Allocation
Abstract Construction projects require large amount of budget and their funding must be supplied at the most appropriate and suitable time if it is completed at the time planned. However, delayed funding often occurs, which hinders the projects to keep on schedule and previous scheduling techniques do not include those issues in the process of planning and control. This purpose of this research is to provide a scheduling technique for repetitive construction projects that enhances work continuity by effective allocating cost resource to each activity and by adequately adjusting the work schedule according to the limited supply of funding. Stochastic method is adopted in order to resolve the uncertainty of delay and simulated schedule is used for its verification. The proposed model is expected to contribute exact estimation of schedule delay due to delayed supply of funding.