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Capital- and resource-constrained project scheduling with net present value optimization

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  • Leyman, Pieter
  • Vanhoucke, Mario

Abstract

In this paper, we study the capital-constrained project scheduling problem with discounted cash flows (CCPSPDC) and the capital- and resource-constrained project scheduling problem with discounted cash flows (CRCPSPDC). The objective of both problems is to maximize the project net present value (NPV), based on three cash flow models. Both problems include capital constraints, which force the project to always have a positive cash balance. Hence, it is crucial to schedule activities in such an order that sufficient capital is available.

Suggested Citation

  • Leyman, Pieter & Vanhoucke, Mario, 2017. "Capital- and resource-constrained project scheduling with net present value optimization," European Journal of Operational Research, Elsevier, vol. 256(3), pages 757-776.
    • Handle: RePEc:eee:ejores:v:256:y:2017:i:3:p:757-776
    DOI: 10.1016/j.ejor.2016.07.019
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    Cited by:

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    3. Abdollah Arasteh, 2020. "Considering Project Management Activities for Engineering Design Groups," SN Operations Research Forum, Springer, vol. 1(4), pages 1-29, December.
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    6. Wu, Desheng & Olson, David L. & Wang, Shouyang, 2019. "Finance-operations interface mechanism and models," Omega, Elsevier, vol. 88(C), pages 1-3.

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