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Improving project cost estimation by taking into account managerial flexibility

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  • Jorgensen, Trond
  • Wallace, Stein W.

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  • Jorgensen, Trond & Wallace, Stein W., 2000. "Improving project cost estimation by taking into account managerial flexibility," European Journal of Operational Research, Elsevier, vol. 127(2), pages 239-251, December.
    • Handle: RePEc:eee:ejores:v:127:y:2000:i:2:p:239-251
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    11. Haugen, Kjetil K., 1996. "A Stochastic Dynamic Programming model for scheduling of offshore petroleum fields with resource uncertainty," European Journal of Operational Research, Elsevier, vol. 88(1), pages 88-100, January.
    12. D. G. Malcolm & J. H. Roseboom & C. E. Clark & W. Fazar, 1959. "Application of a Technique for Research and Development Program Evaluation," Operations Research, INFORMS, vol. 7(5), pages 646-669, October.
    13. Steve Phillips, Jr. & Mohamed I. Dessouky, 1977. "Solving the Project Time/Cost Tradeoff Problem Using the Minimal Cut Concept," Management Science, INFORMS, vol. 24(4), pages 393-400, December.
    14. Ulusoy, Gunduz & Ozdamar, Linet, 1996. "A framework for an interactive project scheduling system under limited resources," European Journal of Operational Research, Elsevier, vol. 90(2), pages 362-375, April.
    15. Lawrence, Stephen R. & Morton, Thomas E., 1993. "Resource-constrained multi-project scheduling with tardy costs: Comparing myopic, bottleneck, and resource pricing heuristics," European Journal of Operational Research, Elsevier, vol. 64(2), pages 168-187, January.
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    18. Tavares, L. Valadares & Antunes Ferreira, J. A. & Silva Coelho, J., 1998. "On the optimal management of project risk," European Journal of Operational Research, Elsevier, vol. 107(2), pages 451-469, June.
    19. Salewski, Frank & Schirmer, Andreas & Drexl, Andreas, 1997. "Project scheduling under resource and mode identity constraints: Model, complexity, methods, and application," European Journal of Operational Research, Elsevier, vol. 102(1), pages 88-110, October.
    20. Ramasesh, Ranga V. & Jayakumar, Maliyakal D., 1997. "Inclusion of flexibility benefits in discounted cash flow analyses for investment evaluation: A simulation/optimization model," European Journal of Operational Research, Elsevier, vol. 102(1), pages 124-141, October.
    21. James E. Kelley, 1961. "Critical-Path Planning and Scheduling: Mathematical Basis," Operations Research, INFORMS, vol. 9(3), pages 296-320, June.
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    Citations

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    Cited by:

    1. Kaut, Michal & Vaagen, Hajnalka & Wallace, Stein W., 2021. "The combined impact of stochastic and correlated activity durations and design uncertainty on project plans," International Journal of Production Economics, Elsevier, vol. 233(C).
    2. S Y Sohn & Y Kim & B T Kim, 2009. "Cost of ownership model for spare engines purchase for the Korean navy acquisition program," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(12), pages 1674-1682, December.
    3. Wiesemann, Wolfram & Kuhn, Daniel & Rustem, Berç, 2010. "Maximizing the net present value of a project under uncertainty," European Journal of Operational Research, Elsevier, vol. 202(2), pages 356-367, April.
    4. Constantin BRAN & Bogdan ȚIGĂNOAIA & Larisa GAVRILĂ & Sorin Cristian IONESCU, 2018. "Increasing Performance By Flexibile Management Of The Database," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 12, pages 101-109, December.
    5. Wolfram Wiesemann & Daniel Kuhn & Berç Rustem, 2012. "Multi-resource allocation in stochastic project scheduling," Annals of Operations Research, Springer, vol. 193(1), pages 193-220, March.
    6. Vaagen, Hajnalka & Kaut, Michal & Wallace, Stein W., 2017. "The impact of design uncertainty in engineer-to-order project planning," European Journal of Operational Research, Elsevier, vol. 261(3), pages 1098-1109.
    7. Pedro Godinho & João Paulo Costa, 2020. "A stochastic model and algorithms for determining efficient time–cost tradeoffs for a project activity," Operational Research, Springer, vol. 20(1), pages 319-348, March.
    8. Hazır, Öncü & Ulusoy, Gündüz, 2020. "A classification and review of approaches and methods for modeling uncertainty in projects," International Journal of Production Economics, Elsevier, vol. 223(C).
    9. Lamas, Patricio & Goycoolea, Marcos & Pagnoncelli, Bernardo & Newman, Alexandra, 2024. "A target-time-windows technique for project scheduling under uncertainty," European Journal of Operational Research, Elsevier, vol. 314(2), pages 792-806.
    10. Öncü Hazir & Gündüz Ulusoy, 2020. "A classification and review of approaches and methods for modeling uncertainty in projects," Post-Print hal-02898162, HAL.
    11. Sobel, Matthew J. & Szmerekovsky, Joseph G. & Tilson, Vera, 2009. "Scheduling projects with stochastic activity duration to maximize expected net present value," European Journal of Operational Research, Elsevier, vol. 198(3), pages 697-705, November.
    12. Paul, Anand & Gutierrez, Genaro, 2005. "Simple probability models for project contracting," European Journal of Operational Research, Elsevier, vol. 165(2), pages 329-338, September.
    13. Huang, Sun-Jen & Chiu, Nan-Hsing & Chen, Li-Wei, 2008. "Integration of the grey relational analysis with genetic algorithm for software effort estimation," European Journal of Operational Research, Elsevier, vol. 188(3), pages 898-909, August.

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