| Abstract: | This paper proposes an optimization method for a national-level highway project planning based on a modified genetic algorithm. The proposed method adds to the existing methods by integrating various planning elements into a single system. A simulation model is used in order to determine the best investment strategy with regard to net present value, time deviation from the initial plan and discrepancy between available resources and investment costs by taking into account economical, social, traffic and political factors. The outcome is a project schedule with an optimized cash flow. The proposed method was tested using the example of the National Highway Programme in Slovenia. |
