TECHNIQUES OF GENERATING SCHEDULES FOR THE PROBLEM OF FINANCIAL OPTIMIZATION OF MULTI-STAGE PROJECT

Abstract

The article presents the problem of scheduling a resource-constrained project with discounted cash flow maximization from the perspective of a contractor. The contractor's expenses (cash outflows for the contractor) are associated with the execution of activities. The client's payments (cash inflows for the contractor) are performed after fulfilling the agreed project stages. The following techniques are suggested for solving the problem: the activity right-shift procedure, the backward scheduling with the opti-mization of completion dates for the agreed project stages and the modified triple justification technique. The effect of these techniques of generating schedules is illustrated for an exemplary project. Finally, an experimental analysis of the proposed procedures is presented.

Keywords

• resource-constrained project scheduling problem
• discounted cash flows
• payment project scheduling
• multi-stage project
• milestones