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    A study on complexity and uncertainty perception and solution strategies for the time/cost trade-off problem

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    Publication type
    Journal article with impact factor
    Author
    Wauters, Mathieu
    Vanhoucke, Mario
    Publication Year
    2016
    Journal
    Project Management Journal
    Publication Volume
    47
    Publication Issue
    4
    Publication Begin page
    29
    Publication End page
    50
    
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    Abstract
    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.
    Keyword
    Project Scheduling, Game, Simulation, Complexity, Uncertainty
    Knowledge Domain/Industry
    Operations & Supply Chain Management
    DOI
    10.1177/875697281604700404
    URI
    http://hdl.handle.net/20.500.12127/5493
    ae974a485f413a2113503eed53cd6c53
    10.1177/875697281604700404
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