3,594 research outputs found

    Project network models with discounted cash flows. A guided tour through recent developments.

    Get PDF
    The vast majority of the project scheduling methodologies presented in the literature have been developed with the objective of minimizing the project duration subject to precedence and other constraints. In doing so, the financial aspects of project management are largely ignored. Recent efforts have taken into account discounted cash flow and have focused on the maximalization of the net present value (npv) of the project as the more appropriate objective. In this paper we offer a guided tour through the important recent developments in the expanding field of research on deterministic and stochastic project network models with discounted cash flows. Subsequent to a close examination of the rationale behind the npv objective, we offer a taxonomy of the problems studied in the literature and critically review the major contributions. Proper attention is given to npv maximization models for the unconstrained scheduling problem with known cash flows, optimal and suboptimal scheduling procedures with various types of resource constraints, and the problem of determining both the timing and amount of payments.Scheduling; Models; Model; Discounted cash flow; Cash flow; Project scheduling; Project management; Management; Net present value; Value; Problems; Maximization; Optimal;

    Resource-constrained project scheduling.

    Get PDF
    Abstract: Resource-constrained project scheduling involves the scheduling of project activities subject to precedence and resource constraints in order to meet the objective(s) in the best possible way. The area covers a wide variety of problem types. The objective of this paper is to provide a survey of what we believe are important recent in the area . Our main focus will be on the recent progress made in and the encouraging computational experience gained with the use of optimal solution procedures for the basic resource-constrained project scheduling problem (RCPSP) and important extensions. The RCPSP involves the scheduling of a project its duration subject to zero-lag finish-start precedence constraints of the PERT/CPM type and constant availability constraints on the required set of renewable resources. We discuss recent striking advances in dealing with this problem using a new depth-first branch-and-bound procedure, elaborating on the effective and efficient branching scheme, bounding calculations and dominance rules, and discuss the potential of using truncated branch-and-bound. We derive a set of conclusions from the research on optimal solution procedures for the basis RCPSP and subsequently illustrate how effective and efficient branching rules and several of the strong dominance and bounding arguments can be extended to a rich and realistic variety of related problems. The preemptive resource-constrained project scheduling problem (PRCPSP) relaxes the nonpreemption condition of the RCPSP, thus allowing activities to be interrupted at integer points in time and resumed later without additional penalty cost. The generalized resource-constrained project scheduling (GRCPSP) extends the RCPSP to the case of precedence diagramming type of precedence constraints (minimal finish-start, start-start, start-finish, finish-finish precedence relations), activity ready times, deadlines and variable resource availability's. The resource-constrained project scheduling problem with generalized precedence relations (RCPSP-GPR) allows for start-start, finish-start and finish-finish constraints with minimal and maximal time lags. The MAX-NPV problem aims at scheduling project activities in order to maximize the net present value of the project in the absence of resource constraints. The resource-constrained project scheduling problem with discounted cash flows (RCPSP-DC) aims at the same non-regular objective in the presence of resource constraints. The resource availability cost problem (RACP) aims at determining the cheapest resource availability amounts for which a feasible solution exists that does not violate the project deadline. In the discrete time/cost trade-off problem (DTCTP) the duration of an activity is a discrete, non-increasing function of the amount of a single nonrenewable resource committed to it. In the discrete time/resource trade-off problem (DTRTP) the duration of an activity is a discrete, non-increasing function of the amount of a single renewable resource. Each activity must then be scheduled in one of its possible execution modes. In addition to time/resource trade-offs, the multi-mode project scheduling problem (MRCPSP) allows for resource/resource trade-offs and constraints on renewable, nonrenewable and doubly-constrained resources. We report on recent computational results and end with overall conclusions and suggestions for future research.Scheduling; Optimal;

    Railway scheduling reduces the expected project makespan.

    Get PDF
    The Critical Chain Scheduling and Buffer Management (CC/BM) methodology, proposed by Goldratt (1997), introduced the concepts of feeding buffers, project buffers and resource buffers as well as the roadrunner mentality. This last concept, in which activities are started as soon as possible, was introduced in order to speed up projects by taking advantage of predecessors finishing early. Later on, the railway scheduling concept of never starting activities earlier than planned was introduced as a way to increase the stability of the project, typically at the cost of an increase in the expected project makespan. In this paper, we will indicate a realistic situation in which railway scheduling improves both the stability and the expected project makespan over roadrunner scheduling.Railway scheduling; Roadrunner scheduling; Feeding buffer; Priority list; Resource availability;

    Project scheduling under undertainty – survey and research potentials.

    Get PDF
    The vast majority of the research efforts in project scheduling assume complete information about the scheduling problem to be solved and a static deterministic environment within which the pre-computed baseline schedule will be executed. However, in the real world, project activities are subject to considerable uncertainty, that is gradually resolved during project execution. In this survey we review the fundamental approaches for scheduling under uncertainty: reactive scheduling, stochastic project scheduling, stochastic GERT network scheduling, fuzzy project scheduling, robust (proactive) scheduling and sensitivity analysis. We discuss the potentials of these approaches for scheduling projects under uncertainty.Management; Project management; Robustness; Scheduling; Stability;

    A branch-and-bound procedure for the resource-constrained project scheduling problem with generalized precedence relations.

    Get PDF
    We present an optimal procedure for the resource-constrained project scheduling problem (RCPSP) with generalized precedence relations (further denoted as RCPSP-GPR) with the objective of minimizing the project makespan. The RCPSP-GPR extends the RCPSP to arbitrary minimal and maximal time lags between the starting and completion times of activities. The procedure is a depth-first branch-and-bound algorithm in which the nodes in the search tree represent the original project network extended with extra precedence relations which resolve a resource conflict present in the parent node. Resource conflicts are resolved using the concept of minimal delaying alternatives, i.e. minimal sets of activities which, when delayed, release enough resources to resolve the conflict. Precedence and resource-based lower bounds as well as dominance rules are used to fathom large portions of the search tree. The procedure can be extended to other regular measures of performance by some minor modifications. Even non-regular measures of performance, such as the maximinization of the net present value of the project or resource levelling objectives, can be handled. The procedure has been programmed in Microsoft* Visual C++ for use on a personal computer. Extensive computational experience is obtained.Scheduling;

    Simplifying Multiproject Scheduling Problem Based on Design Structure Matrix and Its Solution by an Improved aiNet Algorithm

    Get PDF
    Managing multiple project is a complex task involving the unrelenting pressures of time and cost. Many studies have proposed various tools and techniques for single-project scheduling; however, the literature further considering multimode or multiproject issues occurring in the real world is rather scarce. In this paper, design structure matrix (DSM) and an improved artificial immune network algorithm (aiNet) are developed to solve a multi-mode resource-constrained scheduling problem. Firstly, the DSM is used to simplify the mathematic model of multi-project scheduling problem. Subsequently, aiNet algorithm comprised of clonal selection, negative selection, and network suppression is adopted to realize the local searching and global searching, which will assure that it has a powerful searching ability and also avoids the possible combinatorial explosion. Finally, the approach is tested on a set of randomly cases generated from ProGen. The computational results validate the effectiveness of the proposed algorithm comparing with other famous metaheuristic algorithms such as genetic algorithm (GA), simulated annealing algorithm (SA), and ant colony optimization (ACO)

    Genetic algorithms for satellite scheduling problems

    Get PDF
    Recently there has been a growing interest in mission operations scheduling problem. The problem, in a variety of formulations, arises in management of satellite/space missions requiring efficient allocation of user requests to make possible the communication between operations teams and spacecraft systems. Not only large space agencies, such as ESA (European Space Agency) and NASA, but also smaller research institutions and universities can establish nowadays their satellite mission, and thus need intelligent systems to automate the allocation of ground station services to space missions. In this paper, we present some relevant formulations of the satellite scheduling viewed as a family of problems and identify various forms of optimization objectives. The main complexities, due highly constrained nature, windows accessibility and visibility, multi-objectives and conflicting objectives are examined. Then, we discuss the resolution of the problem through different heuristic methods. In particular, we focus on the version of ground station scheduling, for which we present computational results obtained with Genetic Algorithms using the STK simulation toolkit.Peer ReviewedPostprint (published version

    Algorithms for scheduling projects with generalized precedence relations.

    Get PDF
    Project scheduling under the assumption of renewable resource constraints and generalized precedence relations, i.e. arbitrary minimal and maximal time lags between the starting and completion times of the activities of the project, constitutes an important and challenging problem. Over the past few years considerable progress has been made in the use of exact solution procedure for this problem type and its variants. We review the fundamental logic and report new computational experience with a branch-and-bound procedure for optimally solving resource-constrained project scheduling problems with generalized precedence relations of the precedence diagramming type, i.e. start-start, start-finish, finish-start and finish-finish relations with minimal time lags for minimizing the project makespan. Subsequently, we review and report new results for several branch-and -bound procedures for the case of generalized precedence relations, including both minimal and maximal time lags, and demonstrate how the solution methodology can be expected to cope with other regular and nonregular objective functions such a smaximizing the net present value of a project.Networks; Problems; Scheduling; Algorithms; Functions; Net present value;

    Robust long-term production planning

    Get PDF

    Multi-mode resource constrained project scheduling problem including multi-skill labor (MRCPSP-MS): model and a solution method

    Get PDF
    The problem that we address in this chapter is an extension of the Resource-Constrained Project Scheduling Problem (RCPSP). It belongs to the class of project scheduling problems with multi-level (or multi-mode) activities, that permit an activity to be processed by resources operating at appropriate modes, where each mode belongs to a different resource level and incurs different cost and duration. Each activity must be allocated exactly one unit of each required resource, and the resource unit may be used at any of its specified levels. The processing time of an activity is given by the maximum of the durations that would result from different resources allocated to that activity. The objective is to find an optimal solution that minimizes the overall project cost, given a delivery date. A penalty is incurred for tardiness beyond the specified delivery date, or a bonus is accrued for early completion. We present a mathematical programming formulation as an accurate problem definition. A Filtered Beam Search (FBS)-based method is used to solve the problem. It was implemented using the C# language. Results of our experimentations on the use of this method are also presented.(undefined
    corecore