Optimal Planning of Renovation Work in Leased Buildings under Integrated Project Delivery Method
Publication: Journal of Management in Engineering
Volume 38, Issue 6
Abstract
This paper presents the development of a novel model for optimizing the planning of renovation work in leased buildings that utilize the integrated project delivery (IPD) method to maximize the income of leased units during renovation work. The present model is developed in two main phases: optimization and renovation planning. The model integrates a novel methodology that enables decision makers to select optimal crew deployment data and number of assigned crews for all renovation activities, identify an optimal unit renovation order of all leased units, generate feasible renovation schedules, and quantify and minimize total net renovation cost. A real-life case study of three renovation projects was analyzed to illustrate the use of the model and demonstrate its capabilities. The results of this analysis clearly illustrate the original contributions of the model to the body of knowledge and its novel capability in generating optimal renovation schedules for leased buildings that enable contractors to maximize their share of rewards under IPD projects while minimizing their total renovation cost.
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Data Availability Statement
Some or all data, models, or code that support the findings of this study are available from the corresponding author by reasonable request.
Acknowledgments
The authors gratefully thank King Fahd University of Petroleum and Minerals (KFUPM) for the financial support. Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the authors and do not necessarily reflect the views of the King Fahd University of Petroleum and Minerals.
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Published In
Journal of Management in Engineering
Volume 38 • Issue 6 • November 2022
Copyright
© 2022 American Society of Civil Engineers.
History
Received: Oct 4, 2021
Accepted: May 11, 2022
Published online: Jul 19, 2022
Published in print: Nov 1, 2022
Discussion open until: Dec 19, 2022
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