A risk-averse distributionally robust project scheduling model to address payment delays
Author
Suggested Citation
DOI: 10.1016/j.ejor.2024.05.037
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Hazır, Öncü & Ulusoy, Gündüz, 2020. "A classification and review of approaches and methods for modeling uncertainty in projects," International Journal of Production Economics, Elsevier, vol. 223(C).
- Gündüz Ulusoy & Öncü Hazır, 2021. "Introduction to Project Modeling and Planning," Springer Texts in Business and Economics, in: An Introduction to Project Modeling and Planning, edition 1, chapter 0, pages 1-21, Springer.
- A. H. Russell, 1970. "Cash Flows in Networks," Management Science, INFORMS, vol. 16(5), pages 357-373, January.
- Herroelen, Willy S. & Gallens, Els, 1993. "Computational experience with an optimal procedure for the scheduling of activities to maximize the net present value of projects," European Journal of Operational Research, Elsevier, vol. 65(2), pages 274-277, March.
- Creemers, Stefan, 2018. "Maximizing the expected net present value of a project with phase-type distributed activity durations: An efficient globally optimal solution procedure," European Journal of Operational Research, Elsevier, vol. 267(1), pages 16-22.
- Leyman, Pieter & Vanhoucke, Mario, 2017. "Capital- and resource-constrained project scheduling with net present value optimization," European Journal of Operational Research, Elsevier, vol. 256(3), pages 757-776.
- Wiesemann, Wolfram & Kuhn, Daniel & Rustem, Berç, 2010. "Maximizing the net present value of a project under uncertainty," European Journal of Operational Research, Elsevier, vol. 202(2), pages 356-367, April.
- Balouka, Noemie & Cohen, Izack, 2021. "A robust optimization approach for the multi-mode resource-constrained project scheduling problem," European Journal of Operational Research, Elsevier, vol. 291(2), pages 457-470.
- Stefan Creemers, 2018. "Maximizing the expected net present value of a project with phase-type distributed activity durations: An efficient globally optimal solution procedure," Post-Print hal-02572114, HAL.
- Hongtao Xie & Junwei Zheng & Yunhua Zhang & Hongyang Li, 2019. "Effects of Payment Delays at Two Links in Payment Chains on the Progress of Construction Projects: System Dynamic Modeling and Simulation," Sustainability, MDPI, vol. 11(15), pages 1-25, July.
- Öncü Hazir & Gündüz Ulusoy, 2020. "A classification and review of approaches and methods for modeling uncertainty in projects," Post-Print hal-02898162, HAL.
- HazIr, Öncü & Erel, Erdal & Günalay, Yavuz, 2011. "Robust optimization models for the discrete time/cost trade-off problem," International Journal of Production Economics, Elsevier, vol. 130(1), pages 87-95, March.
- Wolfram Wiesemann & Daniel Kuhn, 2015. "The Stochastic Time-Constrained Net Present Value Problem," International Handbooks on Information Systems, in: Christoph Schwindt & Jürgen Zimmermann (ed.), Handbook on Project Management and Scheduling Vol. 2, edition 127, chapter 0, pages 753-780, Springer.
- Creemers, Stefan & De Reyck, Bert & Leus, Roel, 2015. "Project planning with alternative technologies in uncertain environments," European Journal of Operational Research, Elsevier, vol. 242(2), pages 465-476.
- HazIr, Öncü & Haouari, Mohamed & Erel, Erdal, 2010. "Robust scheduling and robustness measures for the discrete time/cost trade-off problem," European Journal of Operational Research, Elsevier, vol. 207(2), pages 633-643, December.
- Yanıkoğlu, İhsan & Gorissen, Bram L. & den Hertog, Dick, 2019. "A survey of adjustable robust optimization," European Journal of Operational Research, Elsevier, vol. 277(3), pages 799-813.
- Sobel, Matthew J. & Szmerekovsky, Joseph G. & Tilson, Vera, 2009. "Scheduling projects with stochastic activity duration to maximize expected net present value," European Journal of Operational Research, Elsevier, vol. 198(3), pages 697-705, November.
- Herroelen, Willy S. & Van Dommelen, Patrick & Demeulemeester, Erik L., 1997. "Project network models with discounted cash flows a guided tour through recent developments," European Journal of Operational Research, Elsevier, vol. 100(1), pages 97-121, July.
- Maurizio Conti & Leandro Elia & Antonella Rita Ferrara & Massimiliano Ferraresi, 2021. "Governments’ Late Payments and Firms’ Survival: Evidence from the European Union," Journal of Law and Economics, University of Chicago Press, vol. 64(3), pages 603-627.
- Bruni, M.E. & Di Puglia Pugliese, L. & Beraldi, P. & Guerriero, F., 2017. "An adjustable robust optimization model for the resource-constrained project scheduling problem with uncertain activity durations," Omega, Elsevier, vol. 71(C), pages 66-84.
- Arnold H. Buss & Meir J. Rosenblatt, 1997. "Activity Delay in Stochastic Project Networks," Operations Research, INFORMS, vol. 45(1), pages 126-139, February.
- Maria Elena Bruni & Patrizia Beraldi & Francesca Guerriero, 2015. "The Stochastic Resource-Constrained Project Scheduling Problem," International Handbooks on Information Systems, in: Christoph Schwindt & Jürgen Zimmermann (ed.), Handbook on Project Management and Scheduling Vol. 2, edition 127, chapter 0, pages 811-835, Springer.
- Herroelen, Willy & Leus, Roel, 2005. "Project scheduling under uncertainty: Survey and research potentials," European Journal of Operational Research, Elsevier, vol. 165(2), pages 289-306, September.
- He, Yukang & Jia, Tao & Zheng, Weibo, 2023. "Tabu search for dedicated resource-constrained multiproject scheduling to minimise the maximal cash flow gap under uncertainty," European Journal of Operational Research, Elsevier, vol. 310(1), pages 34-52.
- Gutjahr, Walter J., 2015. "Bi-Objective Multi-Mode Project Scheduling Under Risk Aversion," European Journal of Operational Research, Elsevier, vol. 246(2), pages 421-434.
- Elmaghraby, Salah E. & Herroelen, Willy S., 1990. "The scheduling of activities to maximize the net present value of projects," European Journal of Operational Research, Elsevier, vol. 49(1), pages 35-49, November.
- Gündüz Ulusoy & Öncü Hazır, 2021. "An Introduction to Project Modeling and Planning," Springer Texts in Business and Economics, Springer, edition 1, number 978-3-030-61423-2, June.
- Lamas, Patricio & Goycoolea, Marcos & Pagnoncelli, Bernardo & Newman, Alexandra, 2024. "A target-time-windows technique for project scheduling under uncertainty," European Journal of Operational Research, Elsevier, vol. 314(2), pages 792-806.
- Hartmann, Sönke & Briskorn, Dirk, 2022. "An updated survey of variants and extensions of the resource-constrained project scheduling problem," European Journal of Operational Research, Elsevier, vol. 297(1), pages 1-14.
- Patrizia Beraldi & Maria Bruni & Antonio Violi, 2012. "Capital rationing problems under uncertainty and risk," Computational Optimization and Applications, Springer, vol. 51(3), pages 1375-1396, April.
- Peymankar, Mahboobeh & Davari, Morteza & Ranjbar, Mohammad, 2021. "Maximizing the expected net present value in a project with uncertain cash flows," European Journal of Operational Research, Elsevier, vol. 294(2), pages 442-452.
- Mengshi Lu & Zuo‐Jun Max Shen, 2021. "A Review of Robust Operations Management under Model Uncertainty," Production and Operations Management, Production and Operations Management Society, vol. 30(6), pages 1927-1943, June.
- Rockafellar, R. Tyrrell & Uryasev, Stanislav, 2002. "Conditional value-at-risk for general loss distributions," Journal of Banking & Finance, Elsevier, vol. 26(7), pages 1443-1471, July.
- Wolfram Wiesemann & Daniel Kuhn & Berç Rustem, 2012. "Multi-resource allocation in stochastic project scheduling," Annals of Operations Research, Springer, vol. 193(1), pages 193-220, March.
- Yangyang Liang & Nanfang Cui & Tian Wang & Erik Demeulemeester, 2019. "Robust resource-constrained max-NPV project scheduling with stochastic activity duration," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 41(1), pages 219-254, March.
- Bendotti, Pascale & Chrétienne, Philippe & Fouilhoux, Pierre & Pass-Lanneau, Adèle, 2021. "Dominance-based linear formulation for the Anchor-Robust Project Scheduling Problem," European Journal of Operational Research, Elsevier, vol. 295(1), pages 22-33.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Öncü Hazir & Gündüz Ulusoy, 2020. "A classification and review of approaches and methods for modeling uncertainty in projects," Post-Print hal-02898162, HAL.
- Hazır, Öncü & Ulusoy, Gündüz, 2020. "A classification and review of approaches and methods for modeling uncertainty in projects," International Journal of Production Economics, Elsevier, vol. 223(C).
- Peymankar, Mahboobeh & Davari, Morteza & Ranjbar, Mohammad, 2021. "Maximizing the expected net present value in a project with uncertain cash flows," European Journal of Operational Research, Elsevier, vol. 294(2), pages 442-452.
- Creemers, Stefan, 2018. "Maximizing the expected net present value of a project with phase-type distributed activity durations: An efficient globally optimal solution procedure," European Journal of Operational Research, Elsevier, vol. 267(1), pages 16-22.
- Rostami, Salim & Creemers, Stefan & Leus, Roel, 2024. "Maximizing the net present value of a project under uncertainty: Activity delays and dynamic policies," European Journal of Operational Research, Elsevier, vol. 317(1), pages 16-24.
- Wenhui Zhao & Nicholas G. Hall & Zhixin Liu, 2020. "Project Evaluation and Selection with Task Failures," Production and Operations Management, Production and Operations Management Society, vol. 29(2), pages 428-446, February.
- Hermans, Ben & Leus, Roel & Looy, Bart Van, 2023. "Deciding on scheduling, secrecy, and patenting during the new product development process: The relevance of project planning models," Omega, Elsevier, vol. 116(C).
- Yangyang Liang & Nanfang Cui & Tian Wang & Erik Demeulemeester, 2019. "Robust resource-constrained max-NPV project scheduling with stochastic activity duration," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 41(1), pages 219-254, March.
- Zixuan Zhang & Michail Chronopoulos & Dimitrina S. Dimitrova & Ioannis Kyriakou, 2024. "Risk assessment and optimal scheduling of serial projects," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 46(3), pages 709-736, September.
- Wiesemann, Wolfram & Kuhn, Daniel & Rustem, Berç, 2010. "Maximizing the net present value of a project under uncertainty," European Journal of Operational Research, Elsevier, vol. 202(2), pages 356-367, April.
- Etgar, Ran & Gelbard, Roy & Cohen, Yuval, 2017. "Optimizing version release dates of research and development long-term processes," European Journal of Operational Research, Elsevier, vol. 259(2), pages 642-653.
- He, Yukang & Jia, Tao & Zheng, Weibo, 2023. "Tabu search for dedicated resource-constrained multiproject scheduling to minimise the maximal cash flow gap under uncertainty," European Journal of Operational Research, Elsevier, vol. 310(1), pages 34-52.
- Fatemeh Rezaei & Amir Abbas Najafi & Erik Demeulemeester & Reza Ramezanian, 2024. "A stochastic bi-objective project scheduling model under failure of activities," Annals of Operations Research, Springer, vol. 338(1), pages 453-476, July.
- Lamas, Patricio & Goycoolea, Marcos & Pagnoncelli, Bernardo & Newman, Alexandra, 2024. "A target-time-windows technique for project scheduling under uncertainty," European Journal of Operational Research, Elsevier, vol. 314(2), pages 792-806.
- Yukang He & Tao Jia & Weibo Zheng, 2024. "Simulated annealing for centralised resource-constrained multiproject scheduling to minimise the maximal cash flow gap under different payment patterns," Annals of Operations Research, Springer, vol. 338(1), pages 115-149, July.
- Alessio Angius & András Horváth & Marcello Urgo, 2021. "A Kronecker Algebra Formulation for Markov Activity Networks with Phase-Type Distributions," Mathematics, MDPI, vol. 9(12), pages 1-22, June.
- Illana Bendavid & Boaz Golany, 2011. "Setting gates for activities in the stochastic project scheduling problem through the cross entropy methodology," Annals of Operations Research, Springer, vol. 189(1), pages 25-42, September.
- Mika, Marek & Waligora, Grzegorz & Weglarz, Jan, 2005. "Simulated annealing and tabu search for multi-mode resource-constrained project scheduling with positive discounted cash flows and different payment models," European Journal of Operational Research, Elsevier, vol. 164(3), pages 639-668, August.
- Joseph G. Szmerekovsky & George L. Vairaktarakis, 2006. "Maximizing project cash availability," Naval Research Logistics (NRL), John Wiley & Sons, vol. 53(4), pages 272-284, June.
- He, Zhengwen & Wang, Nengmin & Jia, Tao & Xu, Yu, 2009. "Simulated annealing and tabu search for multi-mode project payment scheduling," European Journal of Operational Research, Elsevier, vol. 198(3), pages 688-696, November.
More about this item
Keywords
Project management; Project scheduling; Robust optimization; Cash flow analysis; Risk management;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:318:y:2024:i:2:p:398-407. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.