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| Author: | Wei, C-C. Chen, C-B. Tsai, C-H. |
| Title: | An efficient approach to prioritize projects under budget constraints. |
| Journal: | Engineering Economist
1999 : VOL. 44:3, p. 261-294 |
| Index terms: | Budgeting Effectiveness Economic efficiency Algorithms Project appraisal |
| Language: | eng |
| Abstract: | The authors propose a new heuristic algorithm for solving the project selection problem. A revised decision criterion in conjunction with the techniques of searching the feasible range and the reduced candidate set is applied to improve the heuristic solution and to minimize the computational efforts. Six hard cases are tested using the presented algorithm and two other methods. |
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