IDEAS home Printed from https://ideas.repec.org/a/eee/matcom/v61y2002i1p61-66.html
   My bibliography  Save this article

Harmonization simulation model for managing several stochastic projects

Author

Listed:
  • Menipaz, Ehud
  • Ben-Yair, Avner

Abstract

A highly complicated project management system including several simultaneously realized PERT-COST type network projects, is considered. The projects are of different importance and significance; for each project its corresponding priority index is pre-given. The total budget at the project management disposal to carry out all the projects, is limited. Given for each project its priority value, the problem is to determine optimal budget assignments and optimal due dates of accomplishing each project, to maximize the weighted sum of the projects’ utilities. The problem centers on maximizing the system’s utility by implementing the harmonization model for each single project, which has been outlined in our previous publication [Math. Comput. Simul. (2002)]. Thus, the paper under consideration is an essential extension of that publication.

Suggested Citation

  • Menipaz, Ehud & Ben-Yair, Avner, 2002. "Harmonization simulation model for managing several stochastic projects," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 61(1), pages 61-66.
    • Handle: RePEc:eee:matcom:v:61:y:2002:i:1:p:61-66
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378475402001350
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Golenko-Ginzburg, Dimitri & Gonik, Aharon & Kesler, Shmuel, 1996. "Hierarchical decision-making model for planning and controlling stochastic projects," International Journal of Production Economics, Elsevier, vol. 46(1), pages 39-54, December.
    2. Menipaz, Ehud & Ben-Yair, Avner, 2002. "Three-parametrical harmonization model in project management by means of simulation," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 59(5), pages 431-436.
    3. Deckro, Richard F. & Winkofsky, E. P. & E. Hebert, John & Gagnon, Roger, 1991. "A decomposition approach to multi-project scheduling," European Journal of Operational Research, Elsevier, vol. 51(1), pages 110-118, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Qin, Rui & Liu, Yan-Kui, 2010. "Modeling data envelopment analysis by chance method in hybrid uncertain environments," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 80(5), pages 922-950.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vo[ss], Stefan & Witt, Andreas, 2007. "Hybrid flow shop scheduling as a multi-mode multi-project scheduling problem with batching requirements: A real-world application," International Journal of Production Economics, Elsevier, vol. 105(2), pages 445-458, February.
    2. Bredael, Dries & Vanhoucke, Mario, 2023. "Multi-project scheduling: A benchmark analysis of metaheuristic algorithms on various optimisation criteria and due dates," European Journal of Operational Research, Elsevier, vol. 308(1), pages 54-75.
    3. Gonçalves, J.F. & Mendes, J.J.M. & Resende, M.G.C., 2008. "A genetic algorithm for the resource constrained multi-project scheduling problem," European Journal of Operational Research, Elsevier, vol. 189(3), pages 1171-1190, September.
    4. Hua Wang & Jon Dieringer & Steve Guntz & Shankarraman Vaidyaraman & Shekhar Viswanath & Nikolaos H. Lappas & Sal Garcia-Munoz & Chrysanthos E. Gounaris, 2021. "Portfolio-Wide Optimization of Pharmaceutical R&D Activities Using Mathematical Programming," Interfaces, INFORMS, vol. 51(4), pages 262-279, July.
    5. Gómez Sánchez, Mariam & Lalla-Ruiz, Eduardo & Fernández Gil, Alejandro & Castro, Carlos & Voß, Stefan, 2023. "Resource-constrained multi-project scheduling problem: A survey," European Journal of Operational Research, Elsevier, vol. 309(3), pages 958-976.
    6. Wuliang Peng & Jiali lin & Jingwen Zhang & Liangwei Chen, 2022. "A bi-objective hierarchical program scheduling problem and its solution based on NSGA-III," Annals of Operations Research, Springer, vol. 308(1), pages 389-414, January.
    7. Dorota Kuchta & Stanisław Stanek, 2020. "Application of Simulation to Selecting Project Strategy for Autonomous Research Projects at Public Universities," Administrative Sciences, MDPI, vol. 10(1), pages 1-23, March.
    8. Wiley, Victor D. & Deckro, Richard F. & Jackson, Jack A., 1998. "Optimization analysis for design and planning of multi-project programs," European Journal of Operational Research, Elsevier, vol. 107(2), pages 492-506, June.
    9. Azaron, Amir & Tavakkoli-Moghaddam, Reza, 2007. "Multi-objective time-cost trade-off in dynamic PERT networks using an interactive approach," European Journal of Operational Research, Elsevier, vol. 180(3), pages 1186-1200, August.
    10. Rob Eynde & Mario Vanhoucke, 2020. "Resource-constrained multi-project scheduling: benchmark datasets and decoupled scheduling," Journal of Scheduling, Springer, vol. 23(3), pages 301-325, June.
    11. Laslo, Zohar & Gurevich, Gregory, 2007. "Minimal budget for activities chain with chance constrained lead-time," International Journal of Production Economics, Elsevier, vol. 107(1), pages 164-172, May.
    12. Joosung Lee & Jaejun Kim, 2017. "BIM-Based 4D Simulation to Improve Module Manufacturing Productivity for Sustainable Building Projects," Sustainability, MDPI, vol. 9(3), pages 1-23, March.
    13. Browning, Tyson R. & Yassine, Ali A., 2010. "Resource-constrained multi-project scheduling: Priority rule performance revisited," International Journal of Production Economics, Elsevier, vol. 126(2), pages 212-228, August.
    14. Elmaghraby, Salah E., 1995. "Activity nets: A guided tour through some recent developments," European Journal of Operational Research, Elsevier, vol. 82(3), pages 383-408, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:matcom:v:61:y:2002:i:1:p:61-66. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/mathematics-and-computers-in-simulation/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.