Asian Journal of Research in Business Economics and Management
  • Year: 2015
  • Volume: 5
  • Issue: 1

Developing a Model for Project Scheduling with Limited resources and Budget with Considering Discounted Cash Flows through Fixed Prioritization Method

aMaster Student, Industrial Management, Islamic Azad University, Najafabad, Iran

bFaculty Member, Departmenrt of Management, Isfahan university, Isfahan, Iran

cFaculty Member, Departmenrt of Management, Shahid Beheshti university, Tehran, Iran

Online published on 5 January, 2015.

Abstract

In all aspects of the project scheduling, either Net present value or minimizing the Finish Time which is related to projects have roles to play; which is why in this survey we try to consider both of these important criterionin order to propose a mathematical model. The purpose of this study was to develop a scheduling model for minimizing project duration and maximizing present value of project. For this purpose, both positive and negative cash flows were considered in the model and two goal functions were considered. Finally, this model was used for a real project and its results were analyzed. For this purpose, PRIMAVERA software was used.

Keywords

Project scheduling with limited resources, Net present value, Fixed prioritization method