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On the optimal resource allocation in projects considering the time value of money

Abstract

The optimal resource allocation in stochastic activity networks had been previously developed by applying three different approaches: Dynamic Programming (DP), an Electromagnetism Algorithm (EMA) and an Evolutionary Algorithm (EVA). This paper presents an extension to the initial problem considering the value of money over time. This extended problem was implemented using the Java programming language, an Object Oriented Language, following the approaches previously used (DP, EMA and EVA).Fundação para a Ciência e a Tecnologia (FCT

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