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The Dynamic Progress of the Project Cost Optimization

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Nan-nan Liu

    (Xi’an University of Architecture and Technology)

  • Jian-ping Yang

    (Xi’an University of Architecture and Technology)

  • Qi Chen

    (Sinosteel Luoyang Institute of Refractories Research Co. Ltd)

Abstract

In the view of the defects of the traditional model to optimize the exchange of time and cost, this article introduces the dynamic optimization by considering the time value to receive the schedule scheme, of which the present value is lowest. This essay establishes the model of dynamic time optimization based on the progress of the project payment, aims to realize the maximization of the net present value from the prospects of the contractor. The objective function including the cash inflow and outflow of the project implementation: owner pay, activity direct costs, project indirect expenses and so on.

Suggested Citation

  • Nan-nan Liu & Jian-ping Yang & Qi Chen, 2013. "The Dynamic Progress of the Project Cost Optimization," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 187-193, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38433-2_21
    DOI: 10.1007/978-3-642-38433-2_21
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    Fonts; Formatting; Margins; Cost;
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