Abstract
In this paper, we present a new hybrid meta-heuristic (HMH) technique for solving multiobjective discrete time-cost tradeoff (TCT) problem in project scheduling. The proposed technique hybridizes a multiobjective genetic algorithm and simulated annealing, and is apposite for problems where generation of complete Pareto front, a TCT curve in this case, is essential for a decision-maker. Discrete TCT problem is known to be NP-hard. We solved two test problems of discrete TCT using HMH – on comparing the Pareto front results of HMH with those of analytical method, HMH performs well in terms of efficiency and accuracy.
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Acknowledgements
This work is supported in part by All India Council for Technical Education, New Delhi under Grant F. No. 8023/RID/RPS-60/2004–05, dated 23/03/2005.
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Srivastava, K., Srivastava, S., Pathak, B.K., Deb, K. (2010). Discrete Time-Cost Tradeoff with a Novel Hybrid Meta-Heuristic. In: Ehrgott, M., Naujoks, B., Stewart, T., Wallenius, J. (eds) Multiple Criteria Decision Making for Sustainable Energy and Transportation Systems. Lecture Notes in Economics and Mathematical Systems, vol 634. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04045-0_15
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DOI: https://doi.org/10.1007/978-3-642-04045-0_15
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