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

The purpose of formulation of a PTCQTP model is to optimize comprehensive construction time-cost-quality problem and to provide construction managers with a deliberate tool to balance critical construction resources in competitive construction industry. The project quality, time, and cost are quantified as follows.