000204643 001__ 204643
000204643 005__ 20180913062935.0
000204643 0247_ $$2doi$$a10.1007/978-3-319-05915-0_5
000204643 020__ $$a978-3-319-05914-3
000204643 037__ $$aBOOK_CHAP
000204643 245__ $$aThe Stochastic Time-Constrained Net Present Value Problem
000204643 260__ $$bSpringer International Publishing$$c2015
000204643 269__ $$a2015
000204643 336__ $$aBook Chapters
000204643 490__ $$aInternational Handbooks on Information Systems
000204643 520__ $$aThe successful management of capital-intensive development and engineering projects requires a careful timing of the involved cash in- and outflows. To this end, the project management literature proposes to schedule the project activities so as to maximize their net present value (NPV), that is, the sum of all discounted cash flows. Traditionally, the literature on NPV maximization ignores the uncertainty inherent in the activity durations and cash flows. In this survey, we argue that this uncertainty should be accounted for explicitly, and we investigate the computational challenges involved in doing so. We then review the two major strands of literature on stochastic NPV maximization. The first set of papers provides optimal solutions under the assumption that the activity durations follow independent exponential distributions. The second strand of literature allows for generic distributions but focuses on suboptimal solutions. We conclude with a list of research questions that we believe deserve further attention
000204643 6531_ $$aNet Present Value
000204643 6531_ $$aProject Scheduling
000204643 6531_ $$aStochastic Scheduling
000204643 6531_ $$aUncertain Cash Flows
000204643 6531_ $$aUncertain Durations
000204643 700__ $$aWiesemann, Wolfram
000204643 700__ $$0247589$$aKuhn, Daniel$$g239987
000204643 720_1 $$aSchwindt, Christoph$$eed.
000204643 720_1 $$aZimmermann, Jürgen$$eed.
000204643 773__ $$ePart XII$$q753-780$$tHandbook on Project Management and Scheduling Vol. 2
000204643 909C0 $$0252496$$pRAO$$xU12788
000204643 909CO $$ooai:infoscience.tind.io:204643$$pCDM$$pchapter
000204643 917Z8 $$x239987
000204643 917Z8 $$x239987
000204643 917Z8 $$x239987
000204643 917Z8 $$x239987
000204643 937__ $$aEPFL-CHAPTER-204643
000204643 973__ $$aEPFL$$sPUBLISHED
000204643 980__ $$aCHAPTER