Volume 3 No. 3 Pages: 131-170 | |||
Open Access Review Article | |||
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A hybrid lexicographic and VIKOR approach for prioritizing construction projects by considering sustainable development criteria
, Pages: 131-142 Zahra Jalilibal, Ali Bozorgi-Amiri and Ramezan Khosravi ![]() |
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Abstract: Nowadays, one of the challenges in the organizations according to budget limitations in the companies, is how to prioritize their project portfolios in the events of their strategies. In other words, organizations are seeking to allocate resources in order to gain the maximum profit according to budget limitations. In this article, a hybrid decision making method is used to prioritize construction project portfolio by considering sustainability criteria. First, Lexicographic method is applied to weight the sustainability criteria. Then, by considering the weights derived from the Lexicographic and sustainability criteria, projects are prioritized based on VIKOR method. The proposed method of this study is applied for a case study of projects in the refinery scope. DOI: 10.5267/j.jpm.2018.3.001 Keywords: Prioritizing, Lexicographic, VIKOR, Sustainability criteria
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Open Access Review Article | |||
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A hybrid of QFD and AHP-TOPSIS for Durg dumping waste projects
, Pages: 143-150 Rituraj Chandrakar and Shivam Limje ![]() |
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Abstract: Generation of solid waste is the integral consequence of civilization and its management is standing as a big challenge in front of state government at present time. Municipal solid waste in Durg-Bhilai is littered with improper places due to lack of understanding about the scientific importance of garbage and its consequences. Our foremost concern is the selection of appropriate dumping area nearby Durg-Bhilai (C.G.) and for the selection of appropriate dumping area, a multi criteria decision making technique is used. This paper attempts to evaluate 4 dumping areas based on 5 criteria. Analytical hierarchy process (AHP) is used to determine the weighs for each criterion and quality function deployment (QFD) is also implemented. The results indicate that Potiyakala was the best dumping site nearby Durg-Bhilai area. DOI: 10.5267/j.jpm.2018.2.003 Keywords: Waste Management, AHP, MCDM, QFD
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Open Access Article | |||
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Downward-sloping linear supply function equilibrium in duopoly
, Pages: 151-156 Keita Yamane ![]() |
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Abstract: This study examines the properties of the downward-sloping region of the linear supply function equilibrium (cartel case), which has not been considered in the literature. In simple duopoly settings, we find two regions, depending on the cartel type. Specifically, in a tight cartel, fiercer competition yields higher profits to firms, but the equilibrium is unstable. Instead, in the case of a loose cartel, fiercer competition yields lower profits, and the equilibrium is stable. Thus, in our framework, individual firms’ profits as a stable equilibrium are maximized not in a pure cartel, but rather in a somewhat weak cartel. This result sheds lights on the situations policymakers should focus on while monitoring cartels. DOI: 10.5267/j.jpm.2018.2.002 Keywords: Duopoly, Linear supply function, Loose cartel, Quadratic cost
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Open Access Review Article | |||
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The sustainable project management: A review and future possibilities
, Pages: 157-170 V.K. Chawla, A.K. Chanda, S. Angra and G.R.Chawla ![]() |
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Abstract: Sustainability in project operations such as financial, social and environmental sustainability is one of the most prominent issues of the present times to address. The increased focus on sustainable business operations has changed the viewpoint of researchers and corporate community towards the project management. Today sustainability in business operations along with sustainability of natural and environmental resources are of paramount significance which has further caused a huge impact on conception, planning, scheduling and execution of the project manage-ment activities. In this paper, a literature review between 1987 and 2018 on different issues affecting the sustainability in project management is carried out. The present study also identifies and discusses the future possibilities to apply computational procedures in order to estimate and optimize the sustainability issues in the management of projects, for example the computational evolutionary algorithms can be applied to formulate the multi-objective decision-making problem after considering critical factors of sustainability in the projects and then yielding optimized solutions for the formulated problem to achieve sustainability in the projects. A new integrated framework with the inclusion of feedback function for assessment of each decision and actions taken towards the sustainability of the projects is also identified and presented. DOI: 10.5267/j.jpm.2018.2.001 Keywords: Integrated framework, Literature review, Project management, Sustainable parameters, Sustainability
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