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Time/cost trade-offs problems in the project management is the important role. The project scheduling with the traditional approach does not consider the difference execution time on the unit period for all activities of project. In this paper, firstly, it presents an introduction of the problem description of time-switch constraints. Then, the project scheduling with time-switch constraints under...
Built-operate-transfer (BOT) is becoming an increasingly popular option of project delivery, and the concession period is a key decision faced by both the government and private investor. Therefore, this paper aims to optimize the concession period in the BOT project by using net present value (NPV). Due to the difficulties in estimating the long-term uncertainties, this paper develops a Monte Carlo...
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