1033

Optimizing Cash Flow of Construction Projects through Material Procurement Plans

Article

Last updated: 05 Jan 2025

Subjects

-

Tags

Construction projects
Cash Flow
Material Procurement
Optimization
Genetic Algorithm
Artificial Intelligence
Optimizing Cash Flow of Construction Projects through Material Procurement Plans
ICASGE'21
Construction Management (COM)

Abstract

There is a widely held perception in many parts of the world today that the construction industry has long been a major component of the economies of the world industrialized nations. The issue of whether we should attempt to maximize contractor profit is certainly a contentious one. Cash flow management is an umbrella term that aims for achieving many objectives such as cash flow prediction, optimization, and monitoring and controlling. Reliable knowledge of project cash flow is essential for effective project management. Efficient planning of materials procurement and storage on construction sites can lead to significant improvements in construction productivity and project profitability. Nonetheless, researchers have proposed evolutionary-based algorithms for searching near- optimum solutions to overcome this source of trouble. This research illustrates a significant optimizing model which aims to maximize contractor's profit by financing alternatives and material procurement plans with Genetic algorithm the magnificent artificial intelligence modeling technique.

Categories

Construction Management (COM)

Keywords

Construction projects, Cash Flow, Material Procurement, Optimization, Genetic Algorithm, Artificial Intelligence

Authors

First Name

Mahmoud

Last Name

AbuElnasr

Affiliation

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Email

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City

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Orcid

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First Name

Emad

Last Name

Etman

Affiliation

Reinforced Concrete Structures (RCS)

Email

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City

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Orcid

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First Name

Hayhtam

Last Name

Sanad

Affiliation

Construction, Engineering,Tanta university,Tanta,Egypt

Email

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City

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Orcid

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Publish Date

14 Jun 2021

Link

https://icasge21.conferences.ekb.eg/article_1033.html

Order

13

Publication Type

Conference

Publication Title

ICASGE'21

Publication Link

https://icasge21.conferences.ekb.eg/

Details

Type

Article

Locale

en

Created At

13 Dec 2022