A Genetic Algorithm for Net Present Value Maximization for Resource Constrained Projects

2009 ◽  
pp. 13-24 ◽  
Author(s):  
Mario Vanhoucke
Keyword(s):  
Genetic Algorithm ◽  
Net Present Value ◽  
Present Value ◽  
Resource Constrained ◽  
Value Maximization

UNIFICATION OF STANDS SELECTION FOR FINAL FELLING IN STRATEGIC AND TACTICAL PLANNING

2015 ◽  
Author(s):  
Ainārs GRĪNVALDS
Keyword(s):  
Strategic Planning ◽  
Net Present Value ◽  
Strategic Plan ◽  
Regression Function ◽  
Tactical Planning ◽  
Present Value ◽  
Black Alder ◽  
Value Maximization ◽  
Annual Changes ◽  
Selection For

The stand selection for cutting in tactical planning should be done according to the same principles like in strategic planning – to maximize net present value. The simple way of how to transfer the net present value maximization principle from strategic planning to tactical planning was created in Sweden. The method is based on annual changes in the net present value by postponing final felling. Forest inventory data and forestry modelling system was used for calculation of changes in net present value for pine, spruce, birch, aspen and black alder stands. And changes in net present value were described by regression function with factors from stand parameters. The regression function allows calculating annual changes in net present value for each stand. And stands with higher decrease in net present value have higher cutting priority. Stands selected for the final felling in strategic plan were compared with the stands selected in tactical plan with two methods, first, by using annual changes in the net present value, second, by traditional planning principles. Stands selected by annual changes in the net present value were similar to stands that were selected for cutting in strategic plan, but stands selected by traditional planning principles – not.

Exact and Heuristic Methods for the Resource-Constrained Net Present Value Problem

2014 ◽  
pp. 299-318 ◽  
Author(s):  
Hanyu Gu ◽  
Andreas Schutt ◽  
Peter J. Stuckey ◽  
Mark G. Wallace ◽  
Geoffrey Chu
Keyword(s):  
Net Present Value ◽  
Heuristic Methods ◽  
Present Value ◽  
Resource Constrained
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