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
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;
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
DOI :
10.1109/WiCom.2008.1834