A Comparison of Stochastic Scheduling Rules for Maximising Project Net Present Value

• Main Authors: Yang, Kum Khiong, Tay, L C, Sum, C. C.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1995
• Subjects: Project scheduling; Stochastic sampling; Simulated annealing; Business
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2225; https://doi.org/10.1016/0377-2217(94)00039-f
• Institution: Singapore Management University

This paper examines the use of stochastic scheduling rules for maximizing the net present value of a project. A comprehensive set of 1440 test problems, representing five different project characteristics, is constructed. These test problems are used to evaluate the performance of nine stochastic sc...