A dynamic scheduling problem in cost estimation process of EPC projects

@article{Ishii2016ADS,
  title={A dynamic scheduling problem in cost estimation process of EPC projects},
  author={Nobuaki Ishii and Yuichi Takano and Masaaki Muraki},
  journal={2016 6th International Conference on Simulation and Modeling Methodologies, Technologies and Applications (SIMULTECH)},
  year={2016},
  pages={1-8}
}
The cost estimation process, carried out by the contractor before the start of a project, is a critical activity for the contractor in accepting profitable EPC projects in competitive bidding situations. Thus, the contractor should devote significant time and resources to the accurate cost estimation of project orders from clients. However, it is impossible for any contractor to devote enough time and resources to all the orders because such resources are usually limited. For this reason, the… CONTINUE READING

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