Preemptive repayment policy for multiple loans

C. T. Ng; Q. Ding; T. C.E. Cheng; S. S. Lam

doi:10.1007/s10479-011-0872-9

Preemptive repayment policy for multiple loans

C. T. Ng
, Q. Ding
, T. C.E. Cheng
, S. S. Lam

Management and Strategy

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

Abstract

We study the multi-loan-repayment problem by formulating it as a single-machine scheduling problem with preemptive and time-dependent processing times to minimize the makespan. We transform the scheduling problem into a continuous non-linear optimization problem and obtain an approximate solution by solving a series of the corresponding linear programming problems. We also identify agreeable conditions for the problem and discuss the computational complexity of the problem.

Original language	English
Pages (from-to)	141-150
Number of pages	10
Journal	Annals of Operations Research
Volume	192
Issue number	1
DOIs	https://doi.org/10.1007/s10479-011-0872-9
Publication status	Published - Jan 2012

Keywords

Cash flow
Interest rate
Makespan
Multiple loan repayment
Preemptive scheduling

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10.1007/s10479-011-0872-9

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abstract = "We study the multi-loan-repayment problem by formulating it as a single-machine scheduling problem with preemptive and time-dependent processing times to minimize the makespan. We transform the scheduling problem into a continuous non-linear optimization problem and obtain an approximate solution by solving a series of the corresponding linear programming problems. We also identify agreeable conditions for the problem and discuss the computational complexity of the problem.",

keywords = "Cash flow, Interest rate, Makespan, Multiple loan repayment, Preemptive scheduling",

author = "Ng, \{C. T.\} and Q. Ding and Cheng, \{T. C.E.\} and Lam, \{S. S.\}",

note = "Funding Information: Acknowledgements We thank two anonymous referees for their helpful comments on an earlier version of our paper. This research was supported in part by The Hong Kong Polytechnic University under grant number G-U717.",

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AU - Ding, Q.

AU - Cheng, T. C.E.

AU - Lam, S. S.

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N2 - We study the multi-loan-repayment problem by formulating it as a single-machine scheduling problem with preemptive and time-dependent processing times to minimize the makespan. We transform the scheduling problem into a continuous non-linear optimization problem and obtain an approximate solution by solving a series of the corresponding linear programming problems. We also identify agreeable conditions for the problem and discuss the computational complexity of the problem.

AB - We study the multi-loan-repayment problem by formulating it as a single-machine scheduling problem with preemptive and time-dependent processing times to minimize the makespan. We transform the scheduling problem into a continuous non-linear optimization problem and obtain an approximate solution by solving a series of the corresponding linear programming problems. We also identify agreeable conditions for the problem and discuss the computational complexity of the problem.

KW - Cash flow

KW - Interest rate

KW - Makespan

KW - Multiple loan repayment

KW - Preemptive scheduling

UR - https://www.scopus.com/pages/publications/82955236146

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JO - Annals of Operations Research

JF - Annals of Operations Research

IS - 1

ER -

Preemptive repayment policy for multiple loans

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Keywords

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