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Optimization of Resources by Real-Time Correlation Study for Maximizing the Productivity

  • Ashutosh Agrawal
  • Bibhuti Bhusan DasEmail author
  • Sanjaya Kumar Malik
Conference paper
Part of the Lecture Notes in Civil Engineering book series (LNCE, volume 25)

Abstract

Time and cost are two of the most important factors to consider in each construction project. In order to maximize performance, both the client and the contractor will work to optimize both the duration of the project and its cost. The fundamental beginning is to support the same production for the different equipment to achieve the maximum efficiency in each period of time. With the limited availability of resources, the work must be continuous and the period of time between operations and final must be kept. This paper aims to minimize the project total time and cost by means of the assignment of equipment of work to the different production lines of the activities. Construction project refers to a high-stake endeavor aiming at time-bound predetermined performance objective. Matching resources are planned and procured so that all activities can be executed according to a prefixed time schedule. Result shows that the optimization of resources is highly dependent on proper planning mechanism and efficient monitoring of its execution.

Keywords

Resource optimization Real-time correlation study Maximum 

References

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    Meepol, S., & Ogunlana, S. O. (2006). Factors affecting cost and time performance on highway construction projects: Evidence from Thailand. Journal of Financial Management of Property and Construction, 11(1). Google Scholar
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    Jackson, S. (2002). Project cost overrun and risk management. In: Proceedings of Association of Researchers in Construction Management 18th Annual ARCOM Conference, Newcastle, Northumber University, UK, 2–4 September.Google Scholar
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    Endut, I. R., Akintoye, A., & John Kelly, J. (2009) Cost and time overrun projects in Malaysia.Google Scholar

Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • Ashutosh Agrawal
    • 1
  • Bibhuti Bhusan Das
    • 1
    Email author
  • Sanjaya Kumar Malik
    • 2
  1. 1.Department of Civil EngineeringNational Institute of Technology KarnatakaSurathkal, MangaloreIndia
  2. 2.Costing and Estimates Division, SDU-C&E Tata Project Ltd.HyderabadIndia

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