Proactive policies for the stochastic resource-constrained project scheduling problem
► In this paper we study the RCPSP when activity durations are uncertain. ► We consider positive and negative deviations from the predictive activity starting times of inflexible activities. ► Costs are also associated with exceeding the project due date and a bonus is awarded when finishing early....
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Published in | European journal of operational research Vol. 214; no. 2; pp. 308 - 316 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Amsterdam
Elsevier B.V
16.10.2011
Elsevier Elsevier Sequoia S.A |
Series | European Journal of Operational Research |
Subjects | |
Online Access | Get full text |
ISSN | 0377-2217 1872-6860 |
DOI | 10.1016/j.ejor.2011.04.019 |
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Summary: | ► In this paper we study the RCPSP when activity durations are uncertain. ► We consider positive and negative deviations from the predictive activity starting times of inflexible activities. ► Costs are also associated with exceeding the project due date and a bonus is awarded when finishing early. ► We derive optimal predictive starting times based on the newsvendor problem. ► Our procedure is vastly superior than the current state-of-the-art for this problem.
The resource-constrained project scheduling problem involves the determination of a schedule of the project activities, satisfying the precedence and resource constraints while minimizing the project duration. In practice, activity durations may be subject to variability. We propose a stochastic methodology for the determination of a project execution policy and a vector of predictive activity starting times with the objective of minimizing a cost function that consists of the weighted expected activity starting time deviations and the penalties or bonuses associated with late or early project completion. In a computational experiment, we show that our procedure greatly outperforms existing algorithms described in the literature. |
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Bibliography: | SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 14 ObjectType-Article-1 ObjectType-Feature-2 content type line 23 |
ISSN: | 0377-2217 1872-6860 |
DOI: | 10.1016/j.ejor.2011.04.019 |