Purpose The principal concern of organization managers in the global rivalry of commerce environment is how to select the project portfolio among available projects. In this matter, organizations should consider the uncertainty intrinsic in the projects regarding an appropriate valuation...

Purpose – Although there is a considerable body of literature regarding the selection of improvement projects, little of it reveals what actually occurs in industry. To answer this question the authors aimed to determine how industry selects Lean and Six Sigma projects in practice....

Purpose The purpose of this paper is twofold: the selection of project portfolios through hybrid artificial neural network algorithms, feature selection based on grey relational analysis, decision tree and regression; and the identification of the features affecting project portfolio selection...

Considers the resource‐constrained project scheduling problem where cash inflows and outflows are tied to the occurrence of events. The objective is the maximization of the project net present value (NPV) as well as the minimization of project tardiness in the presence of a project due date....

Purpose The purpose of this paper is to propose a new framework for time–cost trade-off. The new framework provides the optimum time–cost value taking into account the float loss impact. Design/methodology/approach The stochastic framework uses Monte Carlo Simulation to calculate the effect...

Purpose – The purpose of this paper is to compare the performance of the genetic algorithm (GA), simulate annealing (SA) and shuffled frog-leaping algorithm (SFLA) in solving discrete versus continuous-variable optimization problems of the finance-based scheduling. This involves the...

Purpose – The purpose of this paper is to address the inefficiency problems in procurement operations in disaster relief logistics which are mainly due to the lack of coordination among less organized suppliers and partnerships. Such problems lead to poor responsiveness and hinder timely...

Purpose – Rising production costs in coastal China have caused the popularity of the “China plus one” strategy, and the hike in oil prices favors near‐shore outsourcing to reduce transportation costs. Taking into consideration supply chain strategy, this paper aims to investigate the...

Purpose – The purpose of this paper is to create a deeper understanding of the importance of monitoring key aspects of facility management (FM), right from the planning stage of a building's lifecycle. Design/methodology/approach – This paper is based on literature review and qualitative...

Purpose The purpose of this paper is to identify factors affecting performance of heritage conservation projects in terms of project management parameters of time, cost, and quality. Design/methodology/approach An exploratory study was conducted in India, wherein 41 conservation professionals...