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In pursuance of decreasing costs, both the client and the contractor would strive to speed up the construction project. However, accelerating the project schedule will impose additional cost and might be profitable up to a certain limit. Paramount for construction management, analyses of this trade-off between duration and cost is hailed as the time-cost trade-off (TCT) optimization. Inadequacies of existing commercial software packages for such analyses tied with eminence of discretization, motivated development of different paradigms of particle swarm optimizers (PSO) for three extensions of discrete TCT problems (DTCTPs). A sole-PSO algorithm for concomitant minimization of time and cost is proposed which involves minimal adjustments to shift focus to the completion deadline problem. A hybrid model is also developed to unravel the time-cost curve extension of DCTCPs. Engaging novel principles for evaluation of cost-slopes, and pbest/gbest positions, the hybrid SAM-PSO model combines complementary strengths of overhauled versions of the Siemens Approximation Method (SAM) and the PSO algorithm. Effectiveness and efficiency of the proposed algorithms are validated employing instances derived from the literature. Throughout computational experiments, mixed integer programming technique is implemented to introduce the optimal non-dominated fronts of two specific benchmark problems for the very first time in the literature. Another chief contribution of this thesis can be depicted as potency of SAM-PSO model in locating the entire Pareto fronts of the practiced instances, within acceptable time-frames with reasonable deviations from the optima. Possible further improvements and applications of SAM-PSO model are suggested in the conclusion. |
