Time-Cost-Quality Tradeoff Modeling based on Resource Allocation
Read this article. The paper presents an optimization model that enables managers to effectively evaluate trade-offs related to time, cost, and other competing priorities. Pay particular attention to Section 6 as it provides an illustrated example of building a home.
Formulating PTCQTP Model
Calculating Overall Time in Construction Project
The overall time 
of a construction project can be easily calculated by nodes as activities in an acyclic digraph network:
(3)
where 
overall time in construction project, 
, as well as the earliest starting time of activity 
derived by its predecessors, and the first 
.