A Combined Modeling Approach for Delay Management in Construction Projects Based on a Two-objective Mathematical Model and System Dynamics

Successful civil projects are one of the key factors in the economic development. Civil projects are always criticized for time and budget wastage. Delays in the execution of these projects sometimes not only waste national resources and cause social damages, but also may ultimately render the project economically unjustifiable, to the extent that the direct and indirect damages from delays can sometimes exceed the actual value of the project. However, despite all government efforts, projects in Iran still suffer from delays. Therefore, managing the delays in construction projects in Iran for optimal utilization and proper management is essential. This research proposes a delay management model for construction projects based on evaluating the effective factors on the delay of construction projects in Iran using system dynamics and optimization methods. Finally, a model suitable for the managerial situation in top-ranked contracting companies in Tehran province was presented. The validation and credibility assessment of the proposed model in managing the delay of construction projects in Iran indicated that, by combining these two approaches, project managers can improve project performance under dynamic system conditions. This innovation can be utilized in different industries, especially in the construction industry. In fact, this study provides an optimal response to the management of delays in construction projects by changing the planning horizon using integrated tracking methods and identifying the best strategy and planning horizon for policymakers. Through this, an optimal planning horizon for managing delays in construction projects in the real world is achieved.