Project Evaluation with Time, Cost, and Quality Considerations

In project evaluation, the tradeoffs among time, cost, and quality should be taken into consideration. The traditional AHP method that neglects the mutual effect of different conflicting levels is not suitable for the problem under consideration. To deal with this dynamic problem and to handle interdependence among the criteria at different levels within the model, the ANP (analytic network process) approach is used to evaluate projects considering time, cost and quality. The computational study includes tabulation of the interrelationships among time, cost, and quality. The project with low cost, short time and high quality can be found through this study. Furthermore, a large number of criteria interacting with each other, and located in different clusters, are considered in a real-world case study.