A Comparison of Heuristics for Scheduling Projects with Cash Flows and Resource Restrictions
- 1 October 1986
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 32 (10) , 1291-1300
- https://doi.org/10.1287/mnsc.32.10.1291
Abstract
The problem addressed in this paper is the scheduling of activities in a project to maximize net present value given cash inflows, outflows, and resource restrictions. Although optimization procedures exist for small problems of this type, they generally cannot solve large-scale problems and may not be widely available. Six heuristic scheduling rules are compared on 80 test problems. The test problems include large-scale engineering construction projects as well as 50 resource constrained problems from the literature.Keywords
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