Dynamic Programming Approaches for Resource Allocation in Project Scheduling: Maximizing Efficiency under Time and Budget Constraints
DOI:
https://doi.org/10.18034/abcjar.v12i1.722Keywords:
Dynamic Programming, Resource Allocation, Project Scheduling, Efficiency Maximization, Optimization Techniques, Algorithmic Approaches, Project ManagementAbstract
This study investigates dynamic programming methodologies for resource allocation in project scheduling, aiming to optimize efficiency while adhering to time and budget limitations. Exploring the theoretical underpinnings of dynamic programming, including time and budget restrictions into resource allocation models, and conducting case studies to assess actual applications are the primary goals of this project. This study utilized a thorough review process, including a synthesis of the relevant literature, an analysis of the case study, and policy implications. Among the most important discoveries are the following: the versatility of dynamic programming techniques in addressing resource allocation challenges across industries, the significance of incorporating time and budget constraints into decision-making processes, and the necessity of addressing limitations related to computational complexity, data requirements, and risk management. In the context of policy consequences, investments in computing infrastructure, data management techniques, and risk mitigation strategies are highlighted. In general, the findings of this study highlight the potential of dynamic programming methodologies to improve the efficiency and effectiveness of resource allocation within the context of a project that is affected by time and financial restrictions.
Downloads
References
Amiri, T., Javad, M., Haghighi, F., Eshtehardian, E., Abessi, O. (2018). Multi-project Time-cost Optimization in Critical Chain with Resource Constraints. KSCE Journal of Civil Engineering, 22(10), 3738-3752. https://doi.org/10.1007/s12205-017-0691-x DOI: https://doi.org/10.1007/s12205-017-0691-x
Ande, J. R. P. K. (2018). Performance-Based Seismic Design of High-Rise Buildings: Incorporating Nonlinear Soil-Structure Interaction Effects. Engineering International, 6(2), 187–200. https://doi.org/10.18034/ei.v6i2.691 DOI: https://doi.org/10.18034/ei.v6i2.691
Ande, J. R. P. K., Varghese, A., Mallipeddi, S. R., Goda, D. R., & Yerram, S. R. (2017). Modeling and Simulation of Electromagnetic Interference in Power Distribution Networks: Implications for Grid Stability. Asia Pacific Journal of Energy and Environment, 4(2), 71-80. https://doi.org/10.18034/apjee.v4i2.720 DOI: https://doi.org/10.18034/apjee.v4i2.720
Baddam, P. R. (2019). Surgical Robotics Unveiled: The Robotic Surgeon’s Role in Modern Surgical Evolution. ABC Journal of Advanced Research, 8(2), 131-144. https://doi.org/10.18034/abcjar.v8i2.718 DOI: https://doi.org/10.18034/abcjar.v8i2.718
Baddam, P. R. (2020). Cyber Sentinel Chronicles: Navigating Ethical Hacking’s Role in Fortifying Digital Security. Asian Journal of Humanity, Art and Literature, 7(2), 147-158. https://doi.org/10.18034/ajhal.v7i2.712 DOI: https://doi.org/10.18034/ajhal.v7i2.712
Baddam, P. R. (2021). Indie Game Alchemy: Crafting Success with C# and Unity’s Dynamic Partnership. International Journal of Reciprocal Symmetry and Theoretical Physics, 8, 11-20. https://upright.pub/index.php/ijrstp/article/view/111
Baddam, P. R. (2022). Revolutionizing Customer Experience through Innovative Digital Marketing Approaches. Global Disclosure of Economics and Business, 11(2), 71-86. https://doi.org/10.18034/gdeb.v11i2.716 DOI: https://doi.org/10.18034/gdeb.v11i2.716
Baddam, P. R., & Kaluvakuri, S. (2016). The Power and Legacy of C Programming: A Deep Dive into the Language. Technology & Management Review, 1, 1-13. https://upright.pub/index.php/tmr/article/view/107
Biju, S., Mathew, J. (2018). Resource Allocation in a Repetitive Project Scheduling Using Genetic Algorithm. IOP Conference Series. Materials Science and Engineering, 330(1). https://doi.org/10.1088/1757-899X/330/1/012098 DOI: https://doi.org/10.1088/1757-899X/330/1/012098
Chisty, N. M. A., Baddam, P. R., & Amin, R. (2022). Strategic Approaches to Safeguarding the Digital Future: Insights into Next-Generation Cybersecurity. Engineering International, 10(2), 69–84. https://doi.org/10.18034/ei.v10i2.689 DOI: https://doi.org/10.18034/ei.v10i2.689
Fadziso, T., Vadiyala, V. R., & Baddam, P. R. (2019). Advanced Java Wizardry: Delving into Cutting-Edge Concepts for Scalable and Secure Coding. Engineering International, 7(2), 127–146. https://doi.org/10.18034/ei.v7i2.684 DOI: https://doi.org/10.18034/ei.v7i2.684
Ge, Y., Xu, B. (2016). Dynamic Staffing and Rescheduling in Software Project Management: A Hybrid Approach. PLoS One, 11(6), e0157104. https://doi.org/10.1371/journal.pone.0157104 DOI: https://doi.org/10.1371/journal.pone.0157104
Goda, D. R. (2016). A Fully Analytical Back-gate Model for N-channel Gallium Nitrate MESFET's with Back Channel Implant. California State University, Northridge. http://hdl.handle.net/10211.3/176151
Kaluvakuri, S., & Vadiyala, V. R. (2016). Harnessing the Potential of CSS: An Exhaustive Reference for Web Styling. Engineering International, 4(2), 95–110. https://doi.org/10.18034/ei.v4i2.682 DOI: https://doi.org/10.18034/ei.v4i2.682
Li, Q., Tao, S., Chong, H-Y., Dong, Z. S. (2018). Robust Optimization for Integrated Construction Scheduling and Multiscale Resource Allocation. Complexity, 2018, https://doi.org/10.1155/2018/2697985 DOI: https://doi.org/10.1155/2018/2697985
Madni, S. H. H., Latiff, M. S. A., Coulibaly, Y., Abdulhamid, S. M. (2017). Recent Advancements in Resource Allocation Techniques for Cloud Computing Environment: A Systematic Review. Cluster Computing, 20(3), 2489-2533. https://doi.org/10.1007/s10586-016-0684-4 DOI: https://doi.org/10.1007/s10586-016-0684-4
Mahadasa, R. (2016). Blockchain Integration in Cloud Computing: A Promising Approach for Data Integrity and Trust. Technology & Management Review, 1, 14-20. https://upright.pub/index.php/tmr/article/view/113
Mahadasa, R., & Surarapu, P. (2016). Toward Green Clouds: Sustainable Practices and Energy-Efficient Solutions in Cloud Computing. Asia Pacific Journal of Energy and Environment, 3(2), 83-88. https://doi.org/10.18034/apjee.v3i2.713
Mahadasa, R., & Surarapu, P. (2016). Toward Green Clouds: Sustainable Practices and Energy-Efficient Solutions in Cloud Computing. Asia Pacific Journal of Energy and Environment, 3(2), 83-88. https://doi.org/10.18034/apjee.v3i2.713 DOI: https://doi.org/10.18034/apjee.v3i2.713
Mahadasa, R., Surarapu, P., Vadiyala, V. R., & Baddam, P. R. (2020). Utilization of Agricultural Drones in Farming by Harnessing the Power of Aerial Intelligence. Malaysian Journal of Medical and Biological Research, 7(2), 135-144. https://mjmbr.my/index.php/mjmbr/article/view/684
Mallipeddi, S. R., Goda, D. R., Yerram, S. R., Varghese, A., & Ande, J. R. P. K. (2017). Telemedicine and Beyond: Navigating the Frontier of Medical Technology. Technology & Management Review, 2, 37-50. https://upright.pub/index.php/tmr/article/view/118
Mallipeddi, S. R., Lushbough, C. M., & Gnimpieba, E. Z. (2014). Reference Integrator: a workflow for similarity driven multi-sources publication merging. The Steering Committee of the World Congress in Computer Science, Computer Engineering and Applied Computing (WorldComp). https://www.proquest.com/docview/1648971371
Mandapuram, M., Mahadasa, R., & Surarapu, P. (2019). Evolution of Smart Farming: Integrating IoT and AI in Agricultural Engineering. Global Disclosure of Economics and Business, 8(2), 165-178. https://doi.org/10.18034/gdeb.v8i2.714 DOI: https://doi.org/10.18034/gdeb.v8i2.714
Rahman, S. S., & Baddam, P. R. (2021). Community Engagement in Southeast Asia’s Tourism Industry: Empowering Local Economies. Global Disclosure of Economics and Business, 10(2), 75-90. https://doi.org/10.18034/gdeb.v10i2.715 DOI: https://doi.org/10.18034/gdeb.v10i2.715
Siddique, S., & Vadiyala, V. R. (2021). Strategic Frameworks for Optimizing Customer Engagement in the Digital Era: A Comparative Study. Digitalization & Sustainability Review, 1(1), 24-40. https://upright.pub/index.php/dsr/article/view/116
Surarapu, P. (2016). Emerging Trends in Smart Grid Technologies: An Overview of Future Power Systems. International Journal of Reciprocal Symmetry and Theoretical Physics, 3, 17-24. https://upright.pub/index.php/ijrstp/article/view/114
Surarapu, P., & Mahadasa, R. (2017). Enhancing Web Development through the Utilization of Cutting-Edge HTML5. Technology & Management Review, 2, 25-36. https://upright.pub/index.php/tmr/article/view/115
Surarapu, P., Mahadasa, R., & Dekkati, S. (2018). Examination of Nascent Technologies in E-Accounting: A Study on the Prospective Trajectory of Accounting. Asian Accounting and Auditing Advancement, 9(1), 89–100. https://4ajournal.com/article/view/83
Surarapu, P., Mahadasa, R., Vadiyala, V. R., & Baddam, P. R. (2023). An Overview of Kali Linux: Empowering Ethical Hackers with Unparalleled Features. FMDB Transactions on Sustainable Technoprise Letters, 1(3), 171– 180. https://www.fmdbpub.com/user/journals/article_details/FTSTPL/109
Tuli, F. A., & Vadiyala, V. R. (2022). Crisis Management in South East Asia’s Tourism Industry: Resilience and Adaptation Strategies. Global Disclosure of Economics and Business, 11(2), 87-102. https://doi.org/10.18034/gdeb.v11i2.717 DOI: https://doi.org/10.18034/gdeb.v11i2.717
Vadiyala, V. R. (2019). Innovative Frameworks for Next-Generation Cybersecurity: Enhancing Digital Protection Strategies. Technology & Management Review, 4, 8-22. https://upright.pub/index.php/tmr/article/view/117
Vadiyala, V. R. (2020). Sunlight to Sustainability: A Comprehensive Analysis of Solar Energy’s Environmental Impact and Potential. Asia Pacific Journal of Energy and Environment, 7(2), 103-110. https://doi.org/10.18034/apjee.v7i2.711 DOI: https://doi.org/10.18034/apjee.v7i2.711
Vadiyala, V. R. (2021). Byte by Byte: Navigating the Chronology of Digitization and Assessing its Dynamic Influence on Economic Landscapes, Employment Trends, and Social Structures. Digitalization & Sustainability Review, 1(1), 12-23. https://upright.pub/index.php/dsr/article/view/110
Vadiyala, V. R. (2022). C++ Unveiled: A Scholarly Expedition into the Integration of Procedural and Object-Oriented Paradigms. Engineering International, 10(2), 85–102. https://doi.org/10.18034/ei.v10i2.690 DOI: https://doi.org/10.18034/ei.v10i2.690
Vadiyala, V. R., & Baddam, P. R. (2017). Mastering JavaScript’s Full Potential to Become a Web Development Giant. Technology & Management Review, 2, 13-24. https://upright.pub/index.php/tmr/article/view/108
Vadiyala, V. R., Baddam, P. R., & Kaluvakuri, S. (2016). Demystifying Google Cloud: A Comprehensive Review of Cloud Computing Services. Asian Journal of Applied Science and Engineering, 5(1), 207–218. https://doi.org/10.18034/ajase.v5i1.80 DOI: https://doi.org/10.18034/ajase.v5i1.80
Xu, J., Xiang, J., Li, Y. (2017). Incentivize Maximum Continuous Time Interval Coverage Under Budget Constraint in Mobile Crowd Sensing. Wireless Networks, 23(5), 1549-1562. https://doi.org/10.1007/s11276-016-1244-9 DOI: https://doi.org/10.1007/s11276-016-1244-9
Yaghoubi, S. Noori, S., Mazdeh, M. M. (2013). A Heuristic Method for Consumable Resource Allocation in Multi-Class Dynamic PERT Networks. Journal of Industrial Engineering International, 9(1), 1-12. https://doi.org/10.1186/2251-712X-9-17 DOI: https://doi.org/10.1186/2251-712X-9-17
Yerram, S. R., & Varghese, A. (2018). Entrepreneurial Innovation and Export Diversification: Strategies for India’s Global Trade Expansion. American Journal of Trade and Policy, 5(3), 151–160. https://doi.org/10.18034/ajtp.v5i3.692 DOI: https://doi.org/10.18034/ajtp.v5i3.692
Yoosefzadeh, H. R., Tareghian, H. R. (2013). Hybrid Solution Method for Resource-Constrained Project Scheduling Problem Using A New Schedule Generator. The International Journal of Advanced Manufacturing Technology, 66(5-8), 1171-1180. https://doi.org/10.1007/s00170-012-4398-3 DOI: https://doi.org/10.1007/s00170-012-4398-3
Zhai, G., Tian, L., Zhou, Y., Shi, J. (2014). Load Diversity Based Optimal Processing Resource Allocation for Super Base Stations in Centralized Radio Access Networks. Science China. Information Sciences, 57(4), 1-12. https://doi.org/10.1007/s11432-014-5075-y DOI: https://doi.org/10.1007/s11432-014-5075-y
Zhang, W., Yan, X., Yang, J. (2017). Optimized Maritime Emergency Resource Allocation Under Dynamic Demand. PLoS One, 12(12), e0189411. https://doi.org/10.1371/journal.pone.0189411 DOI: https://doi.org/10.1371/journal.pone.0189411
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Dileep Reddy Goda, Vishal Reddy Vadiyala, Sridhar Reddy Yerram, Suman Reddy Mallipeddi
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
How to Cite
