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Scheduling of projects under the condition of inflation

Author

Listed:
  • Jolayemi, J. K.
  • Oluleye, A. E.

Abstract

This paper (see also [4]) develops a linear programming (LP) model for an efficient scheduling and management of big projects. The model has an inflation factor as one of its major features and incorporates an extensive modification of existing project scheduling models. The paper includes numerical examples to demonstrate the usefulness of the model and the consequences of excluding inflation factor during project cost-estimation, planning and scheduling in an environment of high inflation. By transforming the variables of the LP model, a new model with fewer constraints is obtained, thereby reducing the amount of effort required to find an optimal solution.

Suggested Citation

  • Jolayemi, J. K. & Oluleye, A. E., 1993. "Scheduling of projects under the condition of inflation," Omega, Elsevier, vol. 21(4), pages 481-487, July.
    • Handle: RePEc:eee:jomega:v:21:y:1993:i:4:p:481-487
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    Cited by:

    1. Fatemeh Azimi & Fatemeh Fathallahi, 2016. "Fuzzy Multi Objective Project Scheduling Under Inflationary Conditions," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(3), pages 337-350.
    2. Herroelen, Willy S. & Van Dommelen, Patrick & Demeulemeester, Erik L., 1997. "Project network models with discounted cash flows a guided tour through recent developments," European Journal of Operational Research, Elsevier, vol. 100(1), pages 97-121, July.

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