Project network-oriented materials management policy for complex projects: a Fuzzy Set Theoretic approach

Vijaya Dixit, Rajiv K Srivastava, Atanu Chaudhuri

    Research output: Contribution to journalJournal articleResearchpeer-review

    6 Citations (Scopus)

    Abstract

    This work devises a materials management policy integrated with project network characteristics of complex projects. It proposes a relative quantitative measure, overall criticality (OC), for prioritisation of items based on penalty incurred due to their non-availability. In complex projects, practicing managers find it difficult to measure OC of items because of the subjective factors and intractable nature of penalties involved. However, using their experience, they can linguistically identify the antecedents and relate them to consequent OC. This work adopts Fuzzy Set Theory to capture managerial tacit knowledge which provides them enough flexibility to provide information in real form. Computed OC values can be used for items prioritisation and as shortage cost coefficient in inventory models. The revised materials management policy was applied to a shipbuilding project. OC values were analysed to justify the importance of incorporating project network characteristics and potential cost savings were calculated
    Original languageEnglish
    JournalInternational Journal of Production Research
    Volume53
    Issue number10
    Pages (from-to)2904-2920
    Number of pages16
    ISSN0020-7543
    DOIs
    Publication statusPublished - 2015

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