Simulation Model for Optimizing Resources among Multiple Concurrent Projects: A Case Study
Publication: Computing in Civil Engineering 2023
ABSTRACT
This paper presents a simulation model for optimizing the allocation of resources in construction projects. The model was designed to help construction companies manage their resources, particularly heavy equipment, which accounts for a significant amount of the direct cost of any project. The model simulates the different projects considering various factors, including project schedules, equipment costs, and availability, to help program managers make informed decisions about allocating their owned resources across the other projects that are working concurrently. The simulation model provides a more flexible and dynamic plan for equipment management, reducing idle time and rental costs. The model was validated through a case study of a construction company with multiple projects of varying types, sizes, locations, and complexities. The results show that the simulation model achieved a 17.45% decrease in costs and a reduction in idle time, thus improving the operational efficiency of the construction company.
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REFERENCES
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Information & Authors
Information
Published In
Computing in Civil Engineering 2023
Pages: 205 - 212
History
Published online: Jan 25, 2024
ASCE Technical Topics:
- Business management
- Business organizations
- Case studies
- Construction companies
- Construction costs
- Construction engineering
- Construction management
- Engineering fundamentals
- Methodology (by type)
- Models (by type)
- Optimization models
- Organizations
- Practice and Profession
- Project management
- Research methods (by type)
- Resource allocation
- Simulation models
Authors
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