Combined optimization method based on project risk and resource allocation

Author

Fangyuan, Lu ; Bingxian, Qiu

Author_Institution

Bus. Sch., Zhengzhou Univ., Zhengzhou

fYear

2008

fDate

16-18 July 2008

Firstpage

138

Lastpage

141

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/CHICC.2008.4604901

Filename

4604901