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| Author: | Vanhoucke, M. Demeulemeester, E. Herroelen, W. |
| Title: | On Maximizing the Net Present Value of a Project under Renewable Resource Constraints |
| Journal: | Management Science
2001 : AUG, VOL. 47:8, p. 1113-1121 |
| Index terms: | RESOURCE MANAGEMENT SCHEDULING CASH FLOW |
| Language: | eng |
| Abstract: | In this paper the authors study the resource-constrained project-scheduling problem with discounted cash flows. Each activity of this resource-constrained project- scheduling problem has certain resource requirements and a known deterministic cash flow that can be either positive or negative. Deterministic cash flows are assumed to occur over the duration of the activities. Progress payments and cash outflows occur at the completion of activities. The objective is to schedule the activities subject to a fixed deadline to maximize the net present value subject to the precedence and resource constraints. With these features the financial aspects of project management are taken into account. |
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