Journal of Civil and Environmental Engineering

ISSN: 2165-784X

Open Access

Gordon Huang

Institute for Energy, Environment and Sustainable Communities,
3737 Wascana Parkway, Regina, SK, S4S 0A2

  • Research Article
    An Interval Parameter Two-Stage Stochastic Approach to Optimize Budget and Schedule in Construction Management
    Author(s): Jinxin Zhu and Gordon HuangJinxin Zhu and Gordon Huang

    An interval parameter two-stage stochastic model for project budgeting and scheduling is developed to dealing with the uncertainties residing in the project management. The model focuses on the probability distribution in activity durations and the uncertainties expressed as intervals in costs. It minimizes the inexact costs (direct costs, indirect costs and penalties) with reference to the specified project completion time and the durations of activities estimated from two-stage stochastic programming. The proposed approach for budgeting and scheduling is a hybrid of two stage stochastic programming and inexact optimization. Solutions obtained from the model will provide a reasonable crashing time plan to accomplish given projects on specific time and come up a lowest cost plan for tardiness. This approach can effectively reflect the interactive relationships among all the uncertain .. Read More»
    DOI: 10.4172/2165-784X.1000228

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