Article | REF: S7214 V1

Multi-criteria optimization - Application in the construction industry

Authors: Igal M. SHOHET, Eldad PERELSTEIN

Publication date: June 10, 2001

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4. Mathematical model

The mathematical formulation of the priority-setting problem is as follows.

Let X i be the amount of investment in the i th project and let F * be the optimal allocation of resources in the n th project that allows the profit of all projects to be maximized. The optimization problem can be formulated as follows: find X n (x 1 ,x 2 ,x 3 , ..., x n ) that maximizes total profit in terms of performance, with the following constraints:

1) budget limitations for rehabilitation projects...

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