Scheduling a Project to Maximize Its Present Value: A Zero-One Programming Approach

Robert H. Doersch and James H. Patterson
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Robert H. Doersch: Stanley Works Inc., Plantsville, Connecticut
James H. Patterson: The Pennsylvania State University

Management Science, 1977, vol. 23, issue 8, 882-889

Abstract: A zero-one integer programming formulation of the project scheduling problem is reported which maximizes the discounted value of cash flows in a project when progress payments and cash outflows are made upon the completion of certain activities. While this problem has been treated previously, it has not been addressed in a manner which allows for the type of constraints treated in this paper. And while cash can be treated as any other resource in the noncash flow, resource-constrained version of this problem, the effects of cash inflows and outflows and the time sequencing alternatives for them allow for a different treatment of cash resources than has been previously reported.

Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:23:y:1977:i:8:p:882-889

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