An Economic Analysis of the Effect of Delays on Project Costs

@inproceedings{Tse2002AnEA,
  title={An Economic Analysis of the Effect of Delays on Project Costs},
  author={Raymond Y. C. Tse and Peter E. D. Love},
  year={2002}
}
When a delay occurs in a project, there are basically two options: prescribing overtime work and injecting additional resources, in order to meet the project schedule of certain activities. This paper uses economic analysis to demonstrate that a decision maker will select the most suitable alternative by considering productivity losses in overtime work and… CONTINUE READING

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