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Closing the Gap Between Practice and Research in Industrial Engineering pp 85–94Cite as

A Novel Project Selection Scheduling Model

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Part of the book series: Lecture Notes in Management and Industrial Engineering ((LNMIE))

Abstract

In this paper, the optimal selection of portfolio of projects is addressed. The problem is examined at operational level where every project has several jobs with certain costs, profits and due dates. The duration of each job is affected by learning effect and its setup time is dependent on the sequence and processing times of the jobs prior to it. Any profit gained from the completion of a job is reinvested in the portfolio and the time horizon is assumed flexible. The objective is to maximize the total revenue of the selected projects. A mixed integer model is presented and analyzed to address this problem.

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References

  • Amirian H, Sahraeian R (2015) Augmented ε-constraint method in multi-objective flowshop problem with past sequence set-up times and a modified learning effect. Int J Prod Res 53:5962–5976

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  • Belenky AS (2012) A Boolean programming problem of choosing an optimal portfolio of projects and optimal schedules for them by reinvesting within the portfolio the profit from project implementation. Appl Math Lett 25:1279–1284

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  • Jafarzadeh M, Tareghian HR, Rahbarnia F, Ghanbari R (2015) Optimal selection of project portfolios using reinvestment strategy within a flexible time horizon. Eur J Oper Res 243:658–664

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  • Peteghem V, Vanhoucke M (2015) Influence of learning in resource-constrained project scheduling. Comput Indust Eng 87:569–579

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Author information

Authors and Affiliations

  1. Department of Industrial Engineering, College of Engineering, University of Shahed, Tehran, Iran

    H. Amirian & Rashed Sahraeian

Authors
  1. H. Amirian
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  2. Rashed Sahraeian
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Corresponding author

Correspondence to Rashed Sahraeian .

Editor information

Editors and Affiliations

  1. Universidad de Navarra, TECNUN Escuela de Ingenieros, San Sebastián, Spain

    Elisabeth Viles

  2. Universidad de Navarra, TECNUN Escuela de Ingenieros, San Sebastián, Spain

    Marta Ormazábal

  3. Universidad de Navarra, TECNUN Escuela de Ingenieros, San Sebastián, Spain

    Alvaro Lleó

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Cite this paper

Amirian, H., Sahraeian, R. (2018). A Novel Project Selection Scheduling Model. In: Viles, E., Ormazábal, M., Lleó, A. (eds) Closing the Gap Between Practice and Research in Industrial Engineering. Lecture Notes in Management and Industrial Engineering. Springer, Cham. https://doi.org/10.1007/978-3-319-58409-6_10

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  • DOI: https://doi.org/10.1007/978-3-319-58409-6_10

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-58408-9

  • Online ISBN: 978-3-319-58409-6

  • eBook Packages: EngineeringEngineering (R0)

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