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A Priority Rule-Based Heuristic for Resource Investment Project Scheduling Problem with Discounted Cash Flows and Tardiness Penalties

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  • Amir Abbas Najafi
  • Fatemeh Azimi

Abstract

Resource investment problem with discounted cash flows (RIPDCFs) is a class of project scheduling problem. In RIPDCF, the availability levels of the resources are considered decision variables, and the goal is to find a schedule such that the net present value of the project cash flows optimizes. In this paper, we consider a new RIPDCF in which tardiness of project is permitted with defined penalty. We mathematically formulated the problem and developed a heuristic method to solve it. The results of the performance analysis of the proposed method show an effective solution approach to the problem.

Suggested Citation

  • Amir Abbas Najafi & Fatemeh Azimi, 2009. "A Priority Rule-Based Heuristic for Resource Investment Project Scheduling Problem with Discounted Cash Flows and Tardiness Penalties," Mathematical Problems in Engineering, Hindawi, vol. 2009, pages 1-10, July.
    • Handle: RePEc:hin:jnlmpe:106425
    DOI: 10.1155/2009/106425
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