Research Article
A Hybrid Approach for Project Crashing Optimization Strategy with Risk Consideration: A Case Study for an EPC Project
Table 8
Analysis of crash cost and delay penalty cost in average time case.
| | Duration (days) | 976 | 977 | 978 | 979 | 980 | 981 |
| Overdue time
(days) | 0 | 1 | 2 | 3 | 4 | 5 |
| Crash cost
(USD) | 133,500 | 128,500 | 123,500 | 118,500 | 113,500 | 108,500 |
| Penalty cost
(USD) | 0 | 53,000 | 106,000 | 159,000 | 212,000 | 265,000 |
| Total extra cost to pay
(USD) | 133,500 | 181,500 | 229,500 | 277,500 | 325,500 | 373,500 |
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