A Decision Support Contract for Cost-Quality Trade-Off in Projects under Information Asymmetry

Making the Trade-Off between Decision Quality and Information Cost

As such, there is a growing emphasis upon the adoption of forAbstract mal decision-science methods to help us understand the qualA growing problem confronting users of remotely sensed imagery ity of our decisions, as opposed to the conventional standardsis whether the use of additional or different imagery to improve based approaches of the past where acceptable quality levels decision quality ...

A Model-Driven Decision Support System for Software Cost Estimation (Case Study: Projects in NASA60 Dataset)

Estimating the costs of software development is one of the most important activities in software project management. Inaccuracies in such estimates may cause irreparable loss. A low estimate of the cost of projects will result in failure on delivery on time and indicates the inefficiency of the software development team. On the other hand, high estimates of resources and costs for a project wil...

A novel multi criteria decision making model for optimizing time-cost-quality trade-off problems in construction projects

The planning phase of every construction project is entangled with multiple and occasionally conflicting criteria which need to be optimized simultaneously. Multi-criterion decision-making (MCDM) approaches can aid decision-makers in selecting the most appropriate solution among numerous potential Pareto optimal solutions. An evidential reasoning (ER) approach was applied for the first time in ...

a novel decision support system for discrete cost-co2 emission trade-off in construction projects: the usage of imitate genetic algorithm

under an intensive competitive environment, the construction industry is facing pressure to meet the higher customer expectations under a tighter budget. on the other hand, construction is one of the main sectors generating greenhouse gases. according to published statistics, construction industry is one of the most important resources of greenhouse emissions in the world. therefore, based on t...

Contracting for Product Support under Information Asymmetry