TY - JOUR
AU1 - Hemanta Doloi
AU2 - Ali Jaafari
AB - This paper focuses on a conceptual methodology for an integrated simulation model dubbed as dynamic simulation modelling system (DSMS) for proactive and optimal decision making within a project management framework. Due to the uncertainties in project environment, the technical and operational functionality of a facility needs to be assessed during development and operation phases of the project. The simulation model is used for optimising the investment decisions vis‐à‐vis evaluation of functionalities on project facilities in early stages of the project. Project life cycle objective functions (LCOFs) are employed as a set of decision criteria throughout the project’s life. The discussion is being extended on the need for setting up an integrated and user‐friendly model to encompass the processes in the entire life cycle of the project. Details of the system are described and a hypothetical case study is used to demonstrate its capabilities. Possible extensions are then outlined. The C++ programming language in association with the object‐oriented database management system is used to achieve the aforementioned objectives.
TI - Conceptual simulation model for strategic decision evaluation in project management
JF - Logistics Information Management
DO - 10.1108/09576050210413971
DA - 2002-05-01
UR - https://www.deepdyve.com/lp/emerald-publishing/conceptual-simulation-model-for-strategic-decision-evaluation-in-U8wj1ce3hw
SP - 88
EP - 104
VL - 15
IS - 2
DP - DeepDyve
ER -