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SOLVING THE PROJECT TIME/COST TRADEOFF PROBLEM USING THE MINIMAL CUT CONCEPT.
- Source :
- Management Science; Dec1977, Vol. 24 Issue 4, p393-400, 8p
- Publication Year :
- 1977
-
Abstract
- This paper introduces a solution procedure for solving the project time/cost tradeoff problem of reducing a project duration at a minimum cost. The solution to the time/cost problem is achieved by locating a minimal cut in a flow network derived from the original project network. This minimal cut is then utilized to identify the project activities which should experience a duration modification in order to achieve the total project reduction. The paper will document this cut-based procedure and provide a practical application to a project situation. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00251909
- Volume :
- 24
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Management Science
- Publication Type :
- Academic Journal
- Accession number :
- 7360742
- Full Text :
- https://doi.org/10.1287/mnsc.24.4.393