Skip to main content

Advertisement

Log in

Analysis of a time–cost trade-off in a resource-constrained GERT project scheduling problem using the Markov decision process

  • Original Research
  • Published:
Annals of Operations Research Aims and scope Submit manuscript

Abstract

Nowadays the advent of new types of projects such as startups, maintenance, and education make a revolution in project management, so that, classical project scheduling methods are incapable in analyzing of these stochastic projects. This study considers a time–cost trade-off project scheduling problem, where the structure of the project is uncertain. To deal with the uncertainties, we implemented Graphical Evaluation and Review Technique (GERT). The main aim of the study is to balance time and the amount of a non-renewable resource allocated to each activity considering the finite-time horizon and resource limitations. To preserve the generality of the model, we considered both discrete and continuous distribution functions for the activity’s duration. From a methodological standpoint, we proposed an analytical approach based on the Markov Decision Process (MDP) and Semi-Markov Decision Process (SMDP) to find the probability distribution of project makespan. These models are solved using the value iteration and a finite-horizon Linear Programming (LP) model. Two randomly generated examples explain the value iteration for models in detail. Furthermore, seven example groups each with five instances are adopted from a well-known data set, PSPLIB, to validate the efficiency of the proposed models in contrast to the two extensively-studied methods, Genetic algorithm (GA) and Monte-Carlo simulation. The convergence of the GA and simulation results to those of MDP and SMDP represent the efficiency of the proposed models. Besides, conducting a sensitivity analysis on the project completion probability with respect to the available resource, gives a good insight to managers to plan their resources.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Fig. 1
Fig. 2
Fig. 3
Fig. 4
Fig. 5
Fig. 6
Fig. 7

Similar content being viewed by others

References

Download references

Funding

The authors of this paper declare that there is no conflict of interest associated with this publication and this study is not funded by a specific project grant.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to S. M. T. Fatemi Ghomi.

Ethics declarations

Ethical approval

This article does not contain any studies with human participants or animals performed by any of the authors.

Additional information

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Sadri, S., Ghomi, S.M.T.F. & Dehghanian, A. Analysis of a time–cost trade-off in a resource-constrained GERT project scheduling problem using the Markov decision process. Ann Oper Res (2024). https://doi.org/10.1007/s10479-024-05896-8

Download citation

  • Received:

  • Accepted:

  • Published:

  • DOI: https://doi.org/10.1007/s10479-024-05896-8

Keywords

Navigation