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A Comparison of Heuristics for Scheduling Projects with Cash Flows and Resource Restrictions

Author

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  • Robert A. Russell

    (College of Business Administration, The University of Tulsa, Tulsa, Oklahoma 74104)

Abstract

The problem addressed in this paper is the scheduling of activities in a project to maximize net present value given cash inflows, outflows, and resource restrictions. Although optimization procedures exist for small problems of this type, they generally cannot solve large-scale problems and may not be widely available. Six heuristic scheduling rules are compared on 80 test problems. The test problems include large-scale engineering construction projects as well as 50 resource constrained problems from the literature.

Suggested Citation

  • Robert A. Russell, 1986. "A Comparison of Heuristics for Scheduling Projects with Cash Flows and Resource Restrictions," Management Science, INFORMS, vol. 32(10), pages 1291-1300, October.
    • Handle: RePEc:inm:ormnsc:v:32:y:1986:i:10:p:1291-1300
    DOI: 10.1287/mnsc.32.10.1291
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