The development of cash flow weight procedures for maximizing the net present value of a project / Sami M. Baroum in Journal of operations management, Vol. 14 N°3 (Septembre 1996)  

Public ISBD [article]  inJournal of operations management > Vol. 14 N°3 (Septembre 1996) . - pp. 209–227 Titre : The development of cash flow weight procedures for maximizing the net present value of a project Type de document : texte imprimé Auteurs : Sami M. Baroum, Auteur ; James H. Patterson, Auteur Année de publication : 2007 Article en page(s) : pp. 209–227 Note générale : Génie Industriel Langues : Anglais (eng) Mots-clés : Cash flow weight Heuristic procedures Résumé : We describe in this paper the development of heuristic procedures for obtaining improved solutions to the maximize ion of net present value in a network problem. Optimization techniques have not been successful in solving this limited resource problem for large projects. As a result, rule-of-thumb heuristic approaches have historically been used to improve the financial returns from project activity. The heuristic procedures we describe assign weights to activities based upon the cumulative cash flows for the activity and all of its logical successors. Subsequent application of multi-pass shifting algorithms search locally for improved activity assignments, resulting in increased project net present value over the initial solution obtained. Results reported demonstrate the efficacy of this approach over more traditional methods for solving this problem. We also contrast the cash flow weighting heuristics developed with other implementations of cash flow weighting procedures. Despite their inherent simplicity, the procedures described quite often produce improved results over other approaches when maximum net present value solutions are desired. DEWEY : 658.57 ISSN : 0272-6963 En ligne : http://www.sciencedirect.com/science/article/pii/0272696396000058 [article] The development of cash flow weight procedures for maximizing the net present value of a project [texte imprimé] / Sami M. Baroum, Auteur ; James H. Patterson, Auteur . - 2007 . - pp. 209–227. Génie Industriel Langues : Anglais (eng) in Journal of operations management > Vol. 14 N°3 (Septembre 1996) . - pp. 209–227 Mots-clés : Cash flow weight Heuristic procedures Résumé : We describe in this paper the development of heuristic procedures for obtaining improved solutions to the maximize ion of net present value in a network problem. Optimization techniques have not been successful in solving this limited resource problem for large projects. As a result, rule-of-thumb heuristic approaches have historically been used to improve the financial returns from project activity. The heuristic procedures we describe assign weights to activities based upon the cumulative cash flows for the activity and all of its logical successors. Subsequent application of multi-pass shifting algorithms search locally for improved activity assignments, resulting in increased project net present value over the initial solution obtained. Results reported demonstrate the efficacy of this approach over more traditional methods for solving this problem. We also contrast the cash flow weighting heuristics developed with other implementations of cash flow weighting procedures. Despite their inherent simplicity, the procedures described quite often produce improved results over other approaches when maximum net present value solutions are desired. DEWEY : 658.57 ISSN : 0272-6963 En ligne : http://www.sciencedirect.com/science/article/pii/0272696396000058

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