A Pareto multi-objective optimization approach for solving time-cost-quality tradeoff problems

Xundi Diao, Heng Li, Saixing Zeng, Vivian W. Y. Tam, Hongling Guo

    Research output: Contribution to journalArticlepeer-review

    15 Citations (Scopus)

    Abstract

    Speeding up a project’s duration will definitely increase the cost and decrease the quality. The previous literatures were mainly related to project planning and controlling which mainly focus on cost-time tradeoff. However, limited researches have been referred to project quality based on mathematical methodologies. This paper proposes a tradeoff problem on time-cost-quality performance. A computer-based Pareto multi-objective optimization approach is utilized for solving the tradeoff problems. The approach can help searching near the reality Pareto-optimal set while not receiving any information on the stakeholders’ preference for time, cost and quality. Based on the developed approach, decision-making can become easy according to the sorted non-dominated solutions and project preferences.
    Original languageEnglish
    Pages (from-to)22-41
    Number of pages20
    JournalUkio Technologinis ir Ekonominis Vystymas
    Volume17
    Issue number1
    DOIs
    Publication statusPublished - 2011

    Keywords

    • Pareto efficiency
    • genetic algorithms
    • project management

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