TY - JOUR
T1 - An event-driven approach with makespan/cost tradeoff analysis for project portfolio scheduling
AU - Kao, Hsing Pei
AU - Wang, Brian
AU - Dong, James
AU - Ku, Kuo Cheng
N1 - Funding Information:
The authors are grateful to the support of the National Science Council, Taiwan, ROC under Grant NSC 89-2213-E-008-016 and to the anonymous referees whose suggestions have improved the scope and presentation of the paper.
PY - 2006/6
Y1 - 2006/6
N2 - Project Portfolio Management (PPM) has become increasingly important in managing multiple projects simultaneously. However, during execution, the project portfolio is associated with considerable uncertainty that leads to resource contention among projects and schedule disruptions. Regarding the need to revise a schedule when unexpected events occur, we adopt an event-driven approach to develop a tradeoff decision framework for project portfolio scheduling and rescheduling. In the framework, High Level Petri nets, Activity-Based Costing and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) are applied in sequence to generate feasible schedules, estimate their makespan and costs, and select the best compromise schedule. This framework is advantageous in the evaluation of scheduling performance from a multi-criteria perspective and the incorporation of both objective and subjective measurements in the decision process.
AB - Project Portfolio Management (PPM) has become increasingly important in managing multiple projects simultaneously. However, during execution, the project portfolio is associated with considerable uncertainty that leads to resource contention among projects and schedule disruptions. Regarding the need to revise a schedule when unexpected events occur, we adopt an event-driven approach to develop a tradeoff decision framework for project portfolio scheduling and rescheduling. In the framework, High Level Petri nets, Activity-Based Costing and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) are applied in sequence to generate feasible schedules, estimate their makespan and costs, and select the best compromise schedule. This framework is advantageous in the evaluation of scheduling performance from a multi-criteria perspective and the incorporation of both objective and subjective measurements in the decision process.
KW - Activity-Based Costing
KW - Event-driven scheduling
KW - High Level Petri nets
KW - Makespan/cost tradeoff
KW - Project portfolio
KW - TOPSIS
UR - http://www.scopus.com/inward/record.url?scp=33747248804&partnerID=8YFLogxK
U2 - 10.1016/j.compind.2005.11.004
DO - 10.1016/j.compind.2005.11.004
M3 - 期刊論文
AN - SCOPUS:33747248804
SN - 0166-3615
VL - 57
SP - 379
EP - 397
JO - Computers in Industry
JF - Computers in Industry
IS - 5
ER -