In this paper, we address the issue of optimal selection of portfolio of projects using reinvestment strategy within a flexible time horizon. We assume that an investor intends to invest his/her initial capital on the implementation of some projects in a flexible time horizon. The investor’s...

Managerial flexibility can have a significant impact on the value of new product development projects. We investigate how the market environment in which a firm operates influences the value and use of development flexibility. We characterize the market environment according to two dimensions,...

We consider a make-to-order (MTO) manufacturer who has won multiple contracts with specified quantities to be delivered by certain due dates. Before production starts, the company must configure its supply chain and make sourcing decisions. It also needs to plan the starting time for each...

This paper highlights the subject of integrated projects planning (IPP) in contemporary IS departments, and presents a multi-period, multi-project selection and assignment approach (MPPA) to assist the departments in handling continuous project-based IS requests. The MPPA features a model to...

In this paper we propose an adaptive model for multi-mode project scheduling under uncertainty. We assume that there is a due date for concluding the project and a tardiness penalty for failing to meet this due date, and that several distinct modes may be used to undertake each activity. We...

The effects of different activities on risk and the expected completion time of a project are not the same; various activities have various effects on the successful completion of a project. Based on this fact, one of the most important issues in project management is to determine important...

This paper analyzes situations in which a project consisting of several activities is not realized according to plan. If the project is expedited, a reward arises. Analogously, a penalty arises if the project is delayed. This paper considers the case of arbitrary nondecreasing reward and penalty...

Each of an organization’s many activities transforms inputs into outputs. Managing these activities involves allocating input resources for some activities and assigning output targets for others. Making these decisions is especially difficult in the presence of uncertainty. In practice, many...

Recently, Hahn (2008) has proposed the mixture between the uniform and the beta distributions as an alternative to the beta distribution in PERT methodology which allows for varying amounts of dispersion and a greater likelihood of more extreme tail-area events. However, this mixture lacks a...

One of the greatest challenges in managing product development projects is identifying an appropriate sequence of many coupled activities. The current study presents an effective approach for determining the activity sequence with minimum total feedback time in a design structure matrix (DSM)....