Title :
Study of payment scheduling optimization with generalized precedence relations in the progress payment model
Author :
Pang, Nansheng ; Zhang, Yi ; Huang, Hui
Author_Institution :
Coll. of Econ. & Manage., North China Electr. Power Univ., Beijing, China
Abstract :
Based on the consideration of the client and the contractor´s joint project profit, a compromise thought that both the client and the contractor deviate from their respective ideal solutions by an equal percentage is proposed, an optimization model of payment scheduling with generalized precedence relations in the progress payment model is constructed. Ultimately, an example is given to demonstrate the effectiveness and practicality of the optimal model.
Keywords :
financial management; optimisation; scheduling; client-contractor joint project profit; generalized precedence relations; payment scheduling optimization model; progress payment model; Europe; Processor scheduling; Generalized Precedence Relations; Multiple Mode of Activity; Payment Scheduling; Progress Payments;
Conference_Titel :
Knowledge Acquisition and Modeling (KAM), 2010 3rd International Symposium on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-8004-3
DOI :
10.1109/KAM.2010.5646275