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Cash-Flow Schedules Optimization within Life Cycle Costing (LCC)
by
Nowak, Paweł
, Zawistowski, Jacek
, Rosłon, Jerzy
, Książek-Nowak, Mariola
in
Algorithms
/ COVID-19
/ Decision making
/ Fuzzy logic
/ Optimization
/ Questionnaires
/ Schedules
/ Software
/ Sustainability
2020
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Do you wish to request the book?
Cash-Flow Schedules Optimization within Life Cycle Costing (LCC)
by
Nowak, Paweł
, Zawistowski, Jacek
, Rosłon, Jerzy
, Książek-Nowak, Mariola
in
Algorithms
/ COVID-19
/ Decision making
/ Fuzzy logic
/ Optimization
/ Questionnaires
/ Schedules
/ Software
/ Sustainability
2020
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Cash-Flow Schedules Optimization within Life Cycle Costing (LCC)
Journal Article
Cash-Flow Schedules Optimization within Life Cycle Costing (LCC)
2020
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Overview
Investment and construction plans, architectural and construction decisions, and spatial and technology-related decisions made at the early stages of a project have a significant impact on meeting the investment goals and customer expectations. Decision making is a very time-consuming and complicated process (due to the complexity of construction processes). The whole difficulty comes to specifying the appropriate criteria for assessing the given activities, providing answers to the questions of the decision-making bodies. A set of appropriate criteria and mathematical tools (such as computer algorithms with multi-criteria analysis) can significantly improve and accelerate the decision-making process. This article combines ESORD (an IT tool that allows you to compare different types of solutions based on mathematical calculations) with the Monte Carlo method. The developed approach can help the investor to optimize their cash-flow schedule. The original method enables the client to select a construction project variant characterized by the best economical and sustainable parameters, while taking into account customers’ demands.
Publisher
MDPI AG
Subject
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