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Author:Padman, R.
Smith-Daniels, D.
Title:Early - tardy cost trade-offs in resource constrained projects with cash flows: an optimization-guided heuristic approach
Journal:European Journal of Operational Research
1993 : JAN 22, VOL. 64:2, p. 295-311
Index terms:PLANNING
RESOURCE ALLOCATION
HEURISTIC METHODS
Language:eng
Abstract:In this paper the authors consider the Resource Constrained Project Scheduling Problem with the objective of maximizing the Net Present Value of project cash flows. The authors present eight greedy heuristics, embedded in a single-pass, forward algorithm that uses information from a relaxed optimization model to schedule activities. The results of a series of experiments across 144 different experimental environments indicate that the early release heuristics provide superior NPV results in many project environments.
SCIMA record nr: 109005
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