Decision making has always been a difficult process, based on various combinations if objectivity (when scientific tools were used) and subjectivity (considering that decisions are finally made by people, with their strengths and weaknesses). The IT revolution has also reached the areas of management and decision making, helping managers make better and more informed decisions by providing them...

in this paper, a novel mathematical model for a preemption multi-mode multi-objective resource-constrained project scheduling problem with distinct due dates and positive and negative cash flows is presented. although optimization of bi-objective problems with due dates is an essential feature of real projects, little effort has been made in studying the p-mmrcpsp while due dates are included i...

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 presents a comprehensive theoretical, experimental, and economic study on the application of nanofluids as heat transfer fluid in waste heat recovery systems. the research work was conducted in a steel-making complex in which a plate heat exchanger had been used to recover heat from hot process water. the system was theoretically modelled and the effects of using nanofluids as heat t...

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 deals with resource unconstrained project scheduling problems with the objective of maximizing the net present value (NPV) of project cash flows. Here we present a heuristic algorithm named as differential procedure (Dif_AOA).&#10In order to evaluate the efficiency of this algorithm, networks with node numbers between 10-1000 and network complexity coefficients between 1.3-6.6 have ...

Weitzman (1998) showed that when future interest rates are uncertain, using the expected net present value implies a term structure of discount rates that is decreasing to the smallest possible interest rate. On the contrary, using the expected net future value criteria implies an increasing term structure of discount rates up to the largest possible interest rate. We reconcile the two approach...