TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECT

The article presents the problem of scheduling a resource-constrained project with discounted cash flow maximization from the perspective of a contractor. The contractor's expenses (cash outflows for the contractor) are associated with the execution of activities. The client's payments (ca...

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Main Author: Marcin KLIMEK
Format: Article
Language:English
Published: Polish Association for Knowledge Promotion 2019-03-01
Series:Applied Computer Science
Subjects:
Online Access:http://www.acs.pollub.pl/pdf/v15n1/2.pdf
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author Marcin KLIMEK
author_facet Marcin KLIMEK
author_sort Marcin KLIMEK
collection DOAJ
description The article presents the problem of scheduling a resource-constrained project with discounted cash flow maximization from the perspective of a contractor. The contractor's expenses (cash outflows for the contractor) are associated with the execution of activities. The client's payments (cash inflows for the contractor) are performed after fulfilling the agreed project stages. The following techniques are suggested for solving the problem: the activity right-shift procedure, the backward scheduling with the opti-mization of completion dates for the agreed project stages and the modified triple justification technique. The effect of these techniques of generating schedules is illustrated for an exemplary project. Finally, an experimental analysis of the proposed procedures is presented.
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spelling doaj.art-57cf7f51181c4a45b82e1554c0c516642022-12-21T17:59:50ZengPolish Association for Knowledge PromotionApplied Computer Science1895-37352353-69772019-03-01151183510.23743/acs-2019-02TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECTMarcin KLIMEK0State School of Higher Education, Department of Computer Science, Sidorska 95–97, 21-500 Biala Podlaska, Poland, m.klimek@dydaktyka.pswbp.plThe article presents the problem of scheduling a resource-constrained project with discounted cash flow maximization from the perspective of a contractor. The contractor's expenses (cash outflows for the contractor) are associated with the execution of activities. The client's payments (cash inflows for the contractor) are performed after fulfilling the agreed project stages. The following techniques are suggested for solving the problem: the activity right-shift procedure, the backward scheduling with the opti-mization of completion dates for the agreed project stages and the modified triple justification technique. The effect of these techniques of generating schedules is illustrated for an exemplary project. Finally, an experimental analysis of the proposed procedures is presented.http://www.acs.pollub.pl/pdf/v15n1/2.pdfresource-constrained project scheduling problemdiscounted cash flowspayment project schedulingmulti-stage projectmilestones
spellingShingle Marcin KLIMEK
TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECT
Applied Computer Science
resource-constrained project scheduling problem
discounted cash flows
payment project scheduling
multi-stage project
milestones
title TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECT
title_full TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECT
title_fullStr TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECT
title_full_unstemmed TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECT
title_short TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECT
title_sort techniques of generating schedules for the problem of financial optimization of multi stage project
topic resource-constrained project scheduling problem
discounted cash flows
payment project scheduling
multi-stage project
milestones
url http://www.acs.pollub.pl/pdf/v15n1/2.pdf
work_keys_str_mv AT marcinklimek techniquesofgeneratingschedulesfortheproblemoffinancialoptimizationofmultistageproject