Title :
Combined optimization method based on project risk and resource allocation
Author :
Fangyuan, Lu ; Bingxian, Qiu
Author_Institution :
Bus. Sch., Zhengzhou Univ., Zhengzhou
Abstract :
Project risk is measured based on method of evaluation by experts, creating a combined optimization model of project risk and resource allocation, and using simulated annealing algorithm to solve the model. Program of simulated annealing algorithm is compiled by VC++ 6.0, and initial value of search and iterative steps of resource ratio of subproject according to iterative request of program is selected. Operated program of simulated annealing algorithm and compared analysis of operation result by computer, better allocation ratio of subprojectpsilas resource is obtained while the project risk is minimized.
Keywords :
project management; resource allocation; risk management; simulated annealing; VC++ 6.0; optimization model; project risk; resource allocation; simulated annealing; Algorithm design and analysis; Analytical models; Computational modeling; Iterative algorithms; Monitoring; Optimization methods; Resource management; Risk analysis; Risk management; Simulated annealing; Project resource allocation; Project risk; Simulated annealing algorithm;
Conference_Titel :
Control Conference, 2008. CCC 2008. 27th Chinese
Conference_Location :
Kunming
Print_ISBN :
978-7-900719-70-6
Electronic_ISBN :
978-7-900719-70-6
DOI :
10.1109/CHICC.2008.4604901
