DocumentCode
3459062
Title
Optimization Simulation of Construction Projects Materials Procurement and Storage Cost
Author
Chen Jian ; Liu Weiqun ; Lin Weiyang ; Xu Lina
Author_Institution
Sch. of Manage., Harbin Inst. of Technol., Harbin
fYear
2008
fDate
12-14 Oct. 2008
Firstpage
1
Lastpage
4
Abstract
This paper studies optimization problem of materials procurement, storage in construction projects. With the thought of operations research, it designs objective function and constrained conditions for a materials procurement and storage optimization model. To testify the model, a specific project is studied. According to historical market data, it simulates the target cost while the factors such as market price changes to find a best cost plan by MATLAB. The method provided can be used to analyze the rule of materials procurement and storage cost and make a correct decision, or to solve the problem of analyzing and forecasting procurement and storage cost of the main material in construction projects under the relevant factors (single or multiple) uncertain.
Keywords
construction industry; pricing; procurement; project management; MATLAB; construction projects materials procurement; market price; operations research; storage cost; storage optimization model; Building materials; Constraint optimization; Cost function; Design optimization; MATLAB; Material storage; Mathematical model; Operations research; Procurement; Testing;
fLanguage
English
Publisher
ieee
Conference_Titel
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location
Dalian
Print_ISBN
978-1-4244-2107-7
Electronic_ISBN
978-1-4244-2108-4
Type
conf
DOI
10.1109/WiCom.2008.1834
Filename
4680023
Link To Document