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Showing 2 results for Project Selection

M. Rostami , M. Bagherpour,
Volume 9, Issue 1 (1-2019)
Abstract

During the past two decades, some industries have been moving towards project-centered systems in many modern countries. Therefore, managing simultaneous projects with considering the limitations in resources, equipment and manpower is very crucial. In the real world, project-based organizations are always facing with two main important features. First, the construction projects are decentralized and their distances are long, and second, there are several construction projects undertaken at different time periods. Therefore, appropriate selection of projects with regard to the capabilities of the organization may lead with increasing an expected profitability. This paper investigates the multi-period decentralized multi construction-project and scheduling problem subject to resource constraints, optimal resource pool location, deterioration and batch ordering of nonrenewable resources altogether, for the first time in the literature. In order to describe the problem under consideration in this paper and obtaining the optimal solutions, a mixed integer linear programming model is developed. Finally, the impact of decision integration on the profit profile of an organization is comprehensively investigated by solving numerical examples and through developing some heuristic methods.
S. H. Iranmanesh, M. Shakhsi-Niaei, H. Rastegar,
Volume 9, Issue 2 (4-2019)
Abstract

Existing project selection models do not consider the complexity of projects as a selection criterion, while their complexity may prolong the project duration and even result in its failure. In addition, existing models cannot formulate the aggregate complexity of the selected projects. The aggregated complexity is not always equal to summation of complexity of projects because of possible synergies or conflicts between them may increase or decrease the total complexity. In this paper, a model is proposed for measuring the aggregate complexity in the selection of project portfolios. A case study is presented to show the usefulness of the model and its applicability in practice. Moreover, several large-sized numerical examples have been tested showing the capability of the model to solve such problems in logical computational time.

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