monte carlo simulation is a standard technique for project risk analysis. however, some assumptions of this technique are not reasonable in real world. when a project falls behind the schedule, managers take actions to improve the performance. nevertheless, most of the simulation models as monte carlo omit these reactions in their analysis, which results in unreasonable wide distributions or ev...

Smooth implementation and controlling conflicting goals of a project with the usage of all related resources through organization is inherently a complex task to management. At the same time deterministic models are never efficient in practical project management (PM) decision problems because the related parameters are frequently fuzzy in nature. The project execution time is a major concern o...

in this paper, we consider a stochastic time-cost tradeoff problem (tctp) in pert networks for project management, in which all activities are subjected to a linear cost function and assumed to be exponentially distributed. the aim of this problem is to maximize the project completion probability with a pre-known deadline to a predefined probability such that the required additional cost is min...

The most important aim of every project is on time completion, budget consideration and reaching the highest possible quality, based on contract. This paper suggests a methodology for risk management in engineering, procurement, and construction (EPC) projects. Risk management enables project teams to perform with minimum deviation from predetermined goals. The proposed methodology identifies a...

this paper aims at providing a new model based on data envelopment analysis (dea) to prioritize project risks. it is clear that the large amounts of involved capitals, the long term of infrastructure projects’ implementation, and the project management problems in on-time completion of projects indicate the necessity of paying particular attention to this issue and conducting applied research i...

In every tunnel boring machine (TBM) tunneling project, there is an initial low production phase so-called the Learning Phase Period (LPP), in which low utilization is experienced and the operational parameters are adjusted to match the working conditions. LPP can be crucial in scheduling and evaluating the final project time and cost, especially for short tunnels for which it may constitute a ...