Introduction to Operations Research and Revised CD-ROM 8
Introduction to Operations Research and Revised CD-ROM 8
Introduction to Management Science: A Modeling And Case Studies Approach With Spreadsheets
Introduction to Management Science: A Modeling And Case Studies Approach With Spreadsheets
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In order to shorten the project time at a minimum overall project cost, a manager's trade-off strategy between time and cost must include two level of action in a project management; at activity level first, then the overall project level. At activity level, all possible options of an activity must be examined to ensure the selective options as a strategy action input is effective. At the overall project level, all effective options input as alternatives of the competition selection process, it must have impact on the duration. Also all the solutions along the time-cost trade-off curve are ensured to reduce time by using the least expensive resource. Traditional time-cost tradeoffs algorithm focuses on problem solving procedure, seldom concern computationally tractable need for management. This paper rewrites the mathematical programming in term of manageable decision variables, which will be easy to unfold the tradeoffs behavior of time-cost. How each optimal project time-cost solutions were attained via different combinations of reducing time for activities was showed.