A Heuristic to Maximize the Net Present Value for Resource-Constrained Project-Scheduling Problems-Reference-Cited by-同舟云学术

A Heuristic to Maximize the Net Present Value for Resource-Constrained Project-Scheduling Problems

Published:2001-06 Issue:2 Volume:32 Page:17-24
ISSN:8756-9728
Container-title:Project Management Journal
language:en
Short-container-title:Project Management Journal

Author:

Abbasi Ghaleb Y.¹,Arabiat Yasser A.²

Affiliation:

1. University of Jordan, Faculty of Engineering and Technology, Industrial Engineering Department, Amman, 11185 Jordan

2. Public Security Directorate, Project Management Department, Amman, Jordan

Abstract

The objective of this research was to schedule project activities based on maximum net present value (NPV) and minimum duration. A new hybrid heuristic based on the combination of minimum late start (MLS) and shortest processing time (SPT) priority-rules heuristics was developed. The new late start and shortest processing time (LSSPT) heuristic was tested using 60 problems of the Patterson set, and results compared with 4 other heuristics. To test all 5 previous heuristics, 5 computer programs were developed. Statistical analysis was performed. Results indicate that the new heuristic produced better and encouraging results.

Publisher

SAGE Publications

Subject

Management of Technology and Innovation,Strategy and Management,Business and International Management

Link

http://journals.sagepub.com/doi/pdf/10.1177/875697280103200203

Reference9 articles.

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3. A Comparison of Heuristic and Optimum Solutions in Resource-Constrained Project Scheduling

4. Project network models with discounted cash flows a guided tour through recent developments

5. A Comparison of Exact Approaches for Solving the Multiple Constrained Resource, Project Scheduling Problem

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