A study on complexity and uncertainty perception and solution strategies for the time/cost trade-off problem
Publication type
Journal article with impact factorPublication Year
2016Journal
Project Management JournalPublication Volume
47Publication Issue
4Publication Begin page
29Publication End page
50
Metadata
Show full item recordAbstract
In this article, the Discrete Time/Cost Tradeoff Problem (DTCTP) is revisited in light of a student experiment. Two solution strategies are distilled from the data of 444 participants and are structured by means of five building blocks: focus, activity criticality, ranking, intensity, and action. The impact of complexity and uncertainty on the cost objective is quantified in a large computational experiment. Specific attention is allocated to the influence of the actual and perceived complexity and uncertainty and the cost repercussions when reality and perception do not coincide.Knowledge Domain/Industry
Operations & Supply Chain Managementae974a485f413a2113503eed53cd6c53
10.1177/875697281604700404