ON COST OPTIMIZATION IN THE CONSTRUCTION INDUSTRY: A CASE OF ROAD PROJECT
Keywords:
posynomial programming model, cost optimization, management decision tool, design variables, construction industryDOI:
https://doi.org/10.17654/0974165826002Abstract
In this paper, we develop a posynomial programming cost optimization model for road construction project and other construction works in the construction industry. The developed model was applied on 8.1 km road project with the optimal construction cost of 7,906,041.36 naira. The primal design variables and their contributions to the optimal construction cost were determined. The application of the model in the construction industry is supposed to help the contractors and management on cost optimization and improve efficiency.
Received: August 3, 2025
Accepted: October 1, 2025
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