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A New Challenge in Project Scheduling. The Incorporation of Activity Failures

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Listed:
  • B. De Reyck
  • Y. Grushka-Cockayne
  • R. Leus

Abstract

The goal of this article is to survey the relevant literature on project scheduling with possible activity failures from a number of different disciplines, and to distill from these sources the formulation of a general optimization problem, the further study of which we would like to foster among the scheduling community. The model has been formulated with R&D projects in mind, but its study may be useful also for developing scheduling methods in other contexts. We discuss a number of different aspects of this task selection and scheduling model with task failures by means of a number of illustrative examples.

Suggested Citation

  • B. De Reyck & Y. Grushka-Cockayne & R. Leus, 2007. "A New Challenge in Project Scheduling. The Incorporation of Activity Failures," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business (FEB), Review of Business and Economic Literature, vol. 0(3), pages 410-435.
    • Handle: RePEc:ete:revbec:20070305
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    References listed on IDEAS

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    2. V. Krishnan & Shantanu Bhattacharya, 2002. "Technology Selection and Commitment in New Product Development: The Role of Uncertainty and Design Flexibility," Management Science, INFORMS, vol. 48(3), pages 313-327, March.
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    6. 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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    13. Rema Padman & Dwight E. Smith‐Daniels & Vicki L. Smith‐Daniels, 1997. "Heuristic scheduling of resource‐constrained projects with cash flows," Naval Research Logistics (NRL), John Wiley & Sons, vol. 44(4), pages 365-381, June.
    14. Eric V. Denardo & Uriel G. Rothblum & Ludo Van der Heyden, 2004. "Index Policies for Stochastic Search in a Forest with an Application to R&D Project Management," Mathematics of Operations Research, INFORMS, vol. 29(1), pages 162-181, February.
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    Cited by:

    1. Wenhui Zhao & Nicholas G. Hall & Zhixin Liu, 2020. "Project Evaluation and Selection with Task Failures," Production and Operations Management, Production and Operations Management Society, vol. 29(2), pages 428-446, February.

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