The objective in traditional scheduling is usually time based. Minimizing the makespan, total flow times, total tardi costs, etc. are instances of these objectives. In manufacturing, processing each job entails a cost paying and price receiving. Thus, the objective should include some notion of managing the flow of cash. We have defined two new objectives: maximization of average and minimum av...

While a great portion of the scheduling literature focuses on time-based criteria, the most important goal of management is maximizing the profitability of the firm. In this paper, the net preset value criterion is studied taking account of linear time-dependent cash flows in single machine and flow shop scheduling problems. First, a heuristic method is presented for the single machine scheduli...

While a great portion of the scheduling literature focuses on time-based criteria, the most important goal of management is maximizing the profitability of the firm. In this paper, the net preset value criterion is studied taking account of linear time-dependent cash flows in single machine and flow shop scheduling problems. First, a heuristic method is presented for the single machine scheduli...

This paper addresses integrated scheduling, planning and budgeting with financial risk management in the batch chemical process industries. A cash flow and budgeting model is coupled with an advanced planning and scheduling procedure using a two-stage stochastic formulation. The results of the integrated model are compared with the results of the sequential use of scheduling followed by budgeti...

This paper studies the inventory of cash as a renewable resource in single machine scheduling problem. The status is incorporated to objective function. Average and minimum available maximum average deficiency are contemplated subject worst-case scenario that for each job cost [price] paid [received] entirely at start [end] processing job. For objective, either proof NP-Hardness or optimal rule...

Effective project management requires reliable knowledge of cash required in different stages of project life cycle. Getting this knowledge is highly dependent on sophisticated consideration of project environment. Nature of projects and their environments are associated with uncertain conditions. In this paper, a new project cash flow assessment method based on project scheduling is proposed t...

This paper addresses the integrated planning/scheduling of chemical supply chains (SC) with multi-product, multi-echelon distribution networks taking into account financial management issues and suggests a novel approach for enterprise wide management. In order to tackle this problem, it is derived a mathematical formulation combining a scheduling/planning model with a cash flow and budgeting f...