A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
OPTIMUM CASH-FLOW SCHEDULING OF CONSTRUCTION PROJECTS
In progress-payment contracts, the contractor is paid for the work performed based on progress reports made at specified intervals. The owner holds back a percentage of the payments until the project is completed. The optimal project schedule is dictated by the schedule of the project incomes and costs. In this paper, a mixed-integer optimization model that maximizes the contractor's profit for progress-payment contracts is developed. Other scheduling objectives such as levelling the overdraft and minimizing the maximum overdraft are formulated. Constraints related to network precedence, budget limitations, and required available total floats are incorporated in the model. The model can be used to examine the sensitivity of the profit to different progress report intervals and different interest rates. The flexibility of the model to accommodate other practical situations is discussed.
OPTIMUM CASH-FLOW SCHEDULING OF CONSTRUCTION PROJECTS
In progress-payment contracts, the contractor is paid for the work performed based on progress reports made at specified intervals. The owner holds back a percentage of the payments until the project is completed. The optimal project schedule is dictated by the schedule of the project incomes and costs. In this paper, a mixed-integer optimization model that maximizes the contractor's profit for progress-payment contracts is developed. Other scheduling objectives such as levelling the overdraft and minimizing the maximum overdraft are formulated. Constraints related to network precedence, budget limitations, and required available total floats are incorporated in the model. The model can be used to examine the sensitivity of the profit to different progress report intervals and different interest rates. The flexibility of the model to accommodate other practical situations is discussed.
OPTIMUM CASH-FLOW SCHEDULING OF CONSTRUCTION PROJECTS
Easa, Said M. Professor (author)
Civil Engineering and Environmental Systems ; 9 ; 69-85
1992-08-01
17 pages
Article (Journal)
Electronic Resource
English
Optimization , scheduling , cash-flow , construction , income , cost , overdraft , application
Cash flow modeling for construction projects
| Online Contents | 2014
Cash Flow Analysis of Construction Projects
| British Library Conference Proceedings | 2009
Cash flow modeling for construction projects
| Emerald Group Publishing | 2014
Dynamic Management of Construction Projects' Cash Flow
| British Library Conference Proceedings | 2007
Cash Flow Multi-Criteria Analysis in Construction Projects
| TIBKAT | 2016