Abstract
A successful project is subjected to timing and cash flow management. Different objectives are considered in project scheduling, and financial goals are the most challenging ones. Lack of liquidity is one of the problems that cause a delay. To avoid these delays, project financing is essential. In most projects, a credit line (CL) is considered a source of cash. The contractors should remain below the credit limit imposed by the lender bank. This limit may cause an extension in duration because some activities cost too much, and the available cash cannot satisfy the expenses. In this paper, a new finance-based scheduling model is proposed. In addition to CL, other resources like long-term and short-term loans are considered. The objective of this study is to minimize the project duration and financing costs. The results show that financing costs and project duration can be decreased by using different financing alternatives.
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More From: Latin American Applied Research - An international journal
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