Project planning with alternative technologies in uncertain environments

• Main Authors: CREEMERS, Stefan, DE REYCK, Bert, LEUS, Roel
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Project scheduling; Uncertainty; Net present value; Alternative technologies; Stochastic activity durations; Business Administration, Management, and Operations; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6759; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7745/viewcontent/1_s2.0_S0377221714009187_main.pdf
• Institution: Singapore Management University

We investigate project scheduling with stochastic activity durations to maximize the expected net present value. Individual activities also carry a risk of failure, which can cause the overall project to fail. In the project planning literature, such technological uncertainty is typically ignored an...