DocumentCode
2650717
Title
An integrated framework for the optimization of project risk response plan under resource constraints with genetic algorithm
Author
Fang, Chao ; Marle, Franck ; Zio, Enrico
Author_Institution
Lab. Genie Industriel, Ecole Centrale Paris, Chatenay-Malabry, France
fYear
2011
fDate
17-19 June 2011
Firstpage
856
Lastpage
861
Abstract
In this paper we present an original framework for optimizing project risk response plan. The simulation technique is used to model the project risk network and to test the proposed mitigation actions. A genetic algorithm-based model is developed, aimed at choosing response actions and optimizing the allocation of budget reserves dedicated to the risk management. An example of application to a real transportation construction project is presented.
Keywords
construction industry; genetic algorithms; project management; risk management; transportation; budget reserve allocation; genetic algorithm; optimization; project risk response plan; resource constraints; transportation construction project; Biological cells; Delay; Genetic algorithms; Optimization; Planning; Project management; Risk management; complexity; genetic algorithm; project management; resource constraints; risk management;
fLanguage
English
Publisher
ieee
Conference_Titel
Quality, Reliability, Risk, Maintenance, and Safety Engineering (ICQR2MSE), 2011 International Conference on
Conference_Location
Xi´an
Print_ISBN
978-1-4577-1229-6
Type
conf
DOI
10.1109/ICQR2MSE.2011.5976743
Filename
5976743
Link To Document