2004
DOI: 10.1016/j.conengprac.2004.03.016
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An algorithm for optimal scheduling and risk assessment of projects

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Cited by 25 publications
(12 citation statements)
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“…Another way to incorporate the uncertainty in the optimization problem is to minimize the risk resulting from the uncertain inflows. Previous work considers risk in optimization and control problems (Zafra-Cabeza, Ridao, & Camacho, 2004; Zafra-Cabeza, Ridao, Camacho, Kempf, & Rivera, 2007). In the case presented in this article, however, the risk itself is the direct result of an uncertain disturbance that varies in time.…”
Section: Introductionmentioning
confidence: 89%
“…Another way to incorporate the uncertainty in the optimization problem is to minimize the risk resulting from the uncertain inflows. Previous work considers risk in optimization and control problems (Zafra-Cabeza, Ridao, & Camacho, 2004; Zafra-Cabeza, Ridao, Camacho, Kempf, & Rivera, 2007). In the case presented in this article, however, the risk itself is the direct result of an uncertain disturbance that varies in time.…”
Section: Introductionmentioning
confidence: 89%
“…Gone et al [4] proposed a time-disturbance analysis method to optimize the utilization of activity floats, so that the delay of the project schedule can be minimized; Zafra-Cabeza et al [5] adopted a "p-timed Petri net" to represent the risk measure of an activity and developed a method to reduce the impact of risks; Yi and Langford [6] analyzed the safety disasters occurred in the past to develop a safety planning method for the project safety manager to focus on the concentration of safety risks in the project. Kilic et al [7] proposed a Genetic Algorithm to optimize the multiobjective optimization problem of project scheduling, considering four attributes: indirect costs, operation costs, risk reduction costs, and delay punishment costs; Schatteman et al [8] proposed a computer-aided risk management system to identify, analyze, and quantity the major risk factors, and to estimate their impacts to the project schedule so that risk reduction actions are planned; Zafra-Cabeza et al [9] conducted a Monte Carlo simulation of High-tech factory construction project using risk optimization techniques to optimize project cost and schedule.…”
Section: Integration Of Risk Management and Schedulingmentioning
confidence: 99%
“…Risk management is a relatively new perspective that was first applied to natural disasters [12], but in the last decade has been extended to the fields of project management and financial policies, in which it is generating a growing interest [13], [14]. Risk management can be summarized as the identification of risks, their ranking or prioritization, the resolution of those deemed significant and their monitoring through their applicable life.…”
Section: Introductionmentioning
confidence: 99%