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Comment on Icmeli and Erengucs

Author

Listed:
  • Bagchi Amitava
  • Dhavale N P
  • Verma, Sanjay

Abstract

In a recent paper, Icmeli and Erengue (1996) present an algorithm to maximize the Net Present Value (NPV) of a given project under renewable resource constraints. It is shown here, with the help of an example, that in some cases the algorithm fails to find an optimal solution. A simple modification in the last step of the algorithm resolves the problem.

Suggested Citation

  • Bagchi Amitava & Dhavale N P & Verma, Sanjay, 2000. "Comment on Icmeli and Erengucs," IIMA Working Papers WP2000-04-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp01676
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