A Priority Rule-Based Heuristic for Resource Investment Project Scheduling Problem with Discounted Cash Flows and Tardiness Penalties

Amir Abbas Najafi and Fatemeh Azimi

Mathematical Problems in Engineering, 2009, vol. 2009, 1-10

Abstract:

Resource investment problem with discounted cash flows (RIPDCFs) is a class of project scheduling problem. In RIPDCF, the availability levels of the resources are considered decision variables, and the goal is to find a schedule such that the net present value of the project cash flows optimizes. In this paper, we consider a new RIPDCF in which tardiness of project is permitted with defined penalty. We mathematically formulated the problem and developed a heuristic method to solve it. The results of the performance analysis of the proposed method show an effective solution approach to the problem.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:106425

DOI: 10.1155/2009/106425

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