Dynamic and stochastic multi-project planning

DOI10.1007/978-3-319-04540-5MaRDI QIDQ2442899zbMATH OpenOpenAlexFDO

Authors Philipp Melchiors

Publication date 1 April 2014

Published in Lecture Notes in Economics and Mathematical Systems (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/978-3-319-04540-5

zbMATH Keywords

decision makingmultiple objectivesoptimizationqueues and servicestochastic network models

Mathematics Subject Classification ID

General reference works (handbooks, dictionaries, bibliographies, etc.) pertaining to operations research and mathematical programming (90-00) Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming (90-02) Stochastic network models in operations research (90B15) Queues and service in operations research (90B22) Management decision making, including multiple objectives (90B50) Markov and semi-Markov decision processes (90C40)

Review text

This book contains the author's doctoral dissertation which was accepted at Technische Universität München. The thesis deals with dynamic and stochastic methods for multi-project planning. Reviewed monograph is devoted to following problems: detailed scheduling of project activities, integrated order acceptance and capacity planning. The book is divided into nine chapters and two appendices. Some preliminaries are described in the Chapter 1. In the Chapter 2, preliminary assumptions and notation are introduced for the dynamic-stochastic multi-project scheduling problem. The Chapter 3 contains a review of the most relevant literature for considered problem. The Chapter 4 presents the basis theory of continuous-time Markov decision processes. Furthermore, the most important algorithms for determining optimal policies are outlined here. The Chapter 5 is devoted to formal description of relevant problem parameters and the procedure for generating problem instances. An extensive simulation study is given in the Chapter 6. In the Chapter 7 author considers such scheduling policies which are optimal or optimized. The final conclusions are given in the Chapter 8. Appendix A contains all used abbreviations. In the Appendix B we can find all applied mathematical symbols. In general I can say that the book investigates by existing scheduling policies by an extensive simulation study. In my opinion, the book under review is an example of typical research report. It may be used as supplementary reading to advanced course lecture of operations research.

Recommendations

• Project scheduling under limited resources. Models, methods, and applications
• Project scheduling. A research handbook.
• Hierarchical models for multi-project planning and scheduling
• Approximate policy iteration for dynamic resource-constrained project scheduling
• Scheduling of multiple R\&D-Projects in a dynamic and stochastic environment

Cited in

(10)

• Optimization analysis for design and planning of multi-project programs
• Approximate policy iteration for dynamic resource-constrained project scheduling
• The generation of stable project plans
• Project selection under uncertainty. Dynamically allocating resources to maximize value
• Managing stochastic, finite capacity, multi-project systems through the cross-entropy methodology
• scientific article; zbMATH DE number 4031387 (Why is no real title available?)
• scientific article; zbMATH DE number 2106845 (Why is no real title available?)
• A simulation-based approximate dynamic programming approach to dynamic and stochastic resource-constrained multi-project scheduling problem
• Maximising the weighted number of activity execution modes in project planning
• Single-pass and approximate dynamic-programming algorithms for order acceptance and capacity planning

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