2021
DOI: 10.1111/mice.12668
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Stochastic resource leveling optimization method for trading off float consumption and project completion probability

Abstract: Existing resource leveling (RL) approaches fall short of analyzing the trade-off relation between the total float consumption and project completion probability in a real-life project RL problem. This article presents a stochastic resource leveling optimization (SOLO) method that minimizes the total float consumption along with maximizing the project completion probability. It initializes the earliest start times of noncritical activities, measures the level of resource fluctuations of each candidate solution,… Show more

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Cited by 5 publications
(3 citation statements)
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“…Construction PSE primarily addresses the RCPSP and resource‐leveling problem (RLP; Gwak & Lee, 2021). RCPSP is widely acknowledged as NP‐hard in the realm of construction project management (Zhang et al., 2006).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Construction PSE primarily addresses the RCPSP and resource‐leveling problem (RLP; Gwak & Lee, 2021). RCPSP is widely acknowledged as NP‐hard in the realm of construction project management (Zhang et al., 2006).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Li et al [38] researched the resource leveling problem with uncertain time lags and activity durations, and compared the performance of an evolutionary algorithm and a Bat algorithm. Gwak and Lee [39] also conducted research on the resource leveling problem under uncertainty. The proposed mode can minimize resource fluctuations while maximizing project completion probability.…”
Section: Resource Leveling Problemmentioning
confidence: 99%
“…(2018) summarized various indicators for measuring resource usage. Among them, indicators related to resource leveling, such as resource fluctuation, are the most widely used (Gwak & Lee, 2021; Z. Wang et al., 2020). Therefore, the resource fluctuation indicator was adopted to measure resource usage in this study.…”
Section: Model Formulationmentioning
confidence: 99%