A multi-objective scheduling payment pattern for project cash flow by considering resource constraints (a case study in power transfer system) Online publication date: Wed, 17-Jun-2020
by Yaser Vahedi Geshniani; Reza Kamranrad; Iman Emami
International Journal of Industrial and Systems Engineering (IJISE), Vol. 35, No. 3, 2020
Abstract: Financial aspects in project scheduling are specified by incoming and outgoing cash flows associated with events of the projects. As in the real world the project stakeholders are looking for benefit, here we have maximised project net value which is obtained from cost fraction of income. In fact, taking into account the objective function is it attempted that problem under study be closer to real-world issues. In this study, a mathematical model to maximise contractor net present value on the basis of payment pattern and consideration of resource constraint are presented. Since this issue is considered as NP-hard problems, to solve this, meta-heuristic multi-objective algorithms including NSGA-II, MOPSO and MOSA have been used. Finally payment patterns and an appropriate model are proposed to reduce the completion time and maximise the net present value of the project.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Industrial and Systems Engineering (IJISE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook