Maximizing Net Present Value for Resource Constraint Project Scheduling Problems with Payments at Event Occurrences Using Approximate Dynamic Programming
Tshewang Phuntsho,
Tad Gonsalves
Abstract:Resource Constraint Project Scheduling Problems with Discounted Cash Flows (RCPSPDC) focuses on maximizing the net present value by summing the discounted cash flows of project activities. An extension of this problem is the Payment at Event Occurrences (PEO) scheme, where the client makes multiple payments to the contractor upon completion of predefined activities, with additional final settlement at project completion. Numerous approximation methods such as metaheuristics have been proposed to solve this NP-… Show more
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