Comment on Icmeli and Erengucs

Bagchi Amitava, Dhavale N P and Sanjay Verma

No WP2000-04-03, IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: In a recent paper, Icmeli and Erengue (1996) present an algorithm to maximize the Net Present Value (NPV) of a given project under renewable resource constraints. It is shown here, with the help of an example, that in some cases the algorithm fails to find an optimal solution. A simple modification in the last step of the algorithm resolves the problem.

Date: 2000-04-03
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