Financing Capacity Constraint Based Multimode Max-npv Project Scheduling Optimization from Both Perspectives of Contract
Author(s): ZHENG Wei-bo, HE Zheng-wen, LIU Ren-jing
Pages: 25-34
Year: 2016 Issue: 1
Journal: Operations Research and Management Science
Keyword: Max-npv project scheduling; two perspectives of contract; optimization model; tabu search; financing capacity constraints;
Abstract: This paper deals with the multimode Max-npv project scheduling problem with financing capacity constraints from the two sides of contract .The authors define the studied problem at first and then , construct the optimization model which consists of the client ’ s and the contractor ’ s submodels .Due to the strong NP-hardness of the problem , a tabu search heuristic , which solves the two submodels iteratively , is developed , thus obtaining the desirable solution which can be accepted by contractor and client simultaneously .Ultimately , a practical pro-ject is utilized to illustrate the research and through analyzing the key parameters of the instance , the following conclusions are drawn .The theoretical desirable schedule can increase the profits of the contractor and the client in the meantime .The key parameters including the client ’ s and the contractor ’ s financing capacity , the project deadline , the baseline profit of the contractor , the discount rate and the payment proportion all influence the parties’ project npv.
Pages: 25-34
Year: 2016 Issue: 1
Journal: Operations Research and Management Science
Keyword: Max-npv project scheduling; two perspectives of contract; optimization model; tabu search; financing capacity constraints;
Abstract: This paper deals with the multimode Max-npv project scheduling problem with financing capacity constraints from the two sides of contract .The authors define the studied problem at first and then , construct the optimization model which consists of the client ’ s and the contractor ’ s submodels .Due to the strong NP-hardness of the problem , a tabu search heuristic , which solves the two submodels iteratively , is developed , thus obtaining the desirable solution which can be accepted by contractor and client simultaneously .Ultimately , a practical pro-ject is utilized to illustrate the research and through analyzing the key parameters of the instance , the following conclusions are drawn .The theoretical desirable schedule can increase the profits of the contractor and the client in the meantime .The key parameters including the client ’ s and the contractor ’ s financing capacity , the project deadline , the baseline profit of the contractor , the discount rate and the payment proportion all influence the parties’ project npv.
Related Articles