MCDM'12 - paper no. 10


 

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MULTIPLE CRITERIA PROJECT SCHEDULING WITH PROJECT DELAY, RESOURCE LEVEL AND NPV OPTIMIZATION

Bogumiła Krzeszowska-Zakrzewska

Abstract:

One of the most important phases in project management is planning. During this phase tasks are identified and scheduled. A schedule brings information on how tasks should be planned over time during the realization phase of the project. That is why scheduling is a critical issue in project management. The main project scheduling techniques are CPM and PERT. They deliver the schedule with the optimal project finish time and ensure the control of resource usage. In real-life applications the schedule should optimize not only the project finish time but also resource usage and cash flows. In research on the project scheduling problem the mathematical models are used to build an optimal project schedule. Frequently used are one-objective mathematical models for project scheduling. Few papers deal with the multiple objective project scheduling problem. Constraints and objectives in project scheduling are determined by three main issues: time, resource and costs, but only few papers consider all of them. A zero-one programming formulation has been applied to solve a multiple criteria project scheduling problem in this paper. The purpose of this paper is to present the multiple criteria project scheduling problem with three objectives: project delay minimization, resource usage in each period of time minimization and NPV maximization.

Keywords:

Project scheduling, multiple criteria optimization, zero-one programming.

Reference index:

Bogumiła Krzeszowska-Zakrzewska, (2012), MULTIPLE CRITERIA PROJECT SCHEDULING WITH PROJECT DELAY, RESOURCE LEVEL AND NPV OPTIMIZATION, Multiple Criteria Decision Making (7), pp. 146-160

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