Real Estate Property Maintenance Optimization Based on Multiobjective Multidimensional Knapsack Problem

Real Estate Property Maintenance Optimization Based on Multiobjective Multidimensional Knapsack Problem

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Article ID: iaor2017180
Volume: 32
Issue: 3
Start Page Number: 227
End Page Number: 251
Publication Date: Mar 2017
Journal: Computer-Aided Civil and Infrastructure Engineering
Authors: , ,
Keywords: combinatorial optimization, programming: multiple criteria, maintenance, repair & replacement
Abstract:

The real estate property maintenance problem (REPMP) deals with the problem of the maintenance of real estate property buildings’ components using a limited budget in a limited period to achieve multiple and often conflicting objectives. Maintenance of the components requires a multiannual maintenance action plan optimized simultaneously on different criteria relative to buildings’ maintenance objectives (the quality of service, client satisfaction, regulatory compliance, etc.) while respecting a predetermined budget. This article presents an innovative modeling of REPMP into a multiobjective multidimensional knapsack problem and its optimization using a generalization of the discrete multiobjective particle swarm optimization algorithm and the Pareto optimality. An application of this methodology using data from a real estate property of 22 buildings of a major French company is presented and discussed.

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