HEURISTIC FOR SCHEDULING PAYMENTS IN PROJECT: TWO DIFFERENT APPROACHES FOR CONTRACTOR AND CLIENT

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

BAHRAMI F.; MOSLEHI G.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF MECHANICAL ENGINEERING AMIRKABIR (AMIRKABIR) Year:2011 | Volume:42 | Issue:3 Page(s): 73-85

Download Full-Text

Persian Verion

View:

959

Download:

Cites:

Information Journal Paper

Title

HEURISTIC FOR SCHEDULING PAYMENTS IN PROJECT: TWO DIFFERENT APPROACHES FOR CONTRACTOR AND CLIENT

Author(s)

BAHRAMI F. | MOSLEHI G. | Issue Writer Certificate

Keywords

PROJECT MANAGEMENTQ2

PAYMENT SCHEDULINGQ3

NET PRESENT VALUEQ3

META HEURISTICSQ3

NONDOMINATED SOLUTIONQ3

Abstract

In this paper, we consider the problem of simultaneously determining the amount, timing and location of progress payments in projects to maximize NPV of the cash flows. Due to the combinatorial nature of the problem, for the first time, we propose an iterative two-stage heuristics where PAYMENT SCHEDULING is determined in the first stage ones activities are fixed, and in the second stage activities are rescheduled to improve contractor NPV by fixing the amount and location of PAYMENT SCHEDULING. The two stages iterate up to achieve ideal solutions. In the first stage, two objects are considered, maximization of contractor NPV and maximization of client NPV. Two META HEURISTICS, genetic algorithm and simulated annealing are designed and the results are compared. By standard test problems with 120 activities, whole performances of the algorithm is considered and effect of model parameters on NPV and completion time for both objective functions is measured. In addition, effect of the second stage on project feasibility and contractor improvement is considered. The result shows that the proposed algorithm is able to achieve non-dominated solutions in consequential iterations.

Cites

No record.

References

No record.

Cite

APA: Copy

BAHRAMI, F., & MOSLEHI, G.. (2011). HEURISTIC FOR SCHEDULING PAYMENTS IN PROJECT: TWO DIFFERENT APPROACHES FOR CONTRACTOR AND CLIENT. JOURNAL OF MECHANICAL ENGINEERING AMIRKABIR (AMIRKABIR), 42(3), 73-85. SID. https://sid.ir/paper/165970/en

Vancouver: Copy

BAHRAMI F., MOSLEHI G.. HEURISTIC FOR SCHEDULING PAYMENTS IN PROJECT: TWO DIFFERENT APPROACHES FOR CONTRACTOR AND CLIENT. JOURNAL OF MECHANICAL ENGINEERING AMIRKABIR (AMIRKABIR)[Internet]. 2011;42(3):73-85. Available from: https://sid.ir/paper/165970/en

IEEE: Copy

F. BAHRAMI, and G. MOSLEHI, “HEURISTIC FOR SCHEDULING PAYMENTS IN PROJECT: TWO DIFFERENT APPROACHES FOR CONTRACTOR AND CLIENT,” JOURNAL OF MECHANICAL ENGINEERING AMIRKABIR (AMIRKABIR), vol. 42, no. 3, pp. 73–85, 2011, [Online]. Available: https://sid.ir/paper/165970/en

Related Journal Papers