We are delighted to announce the talk given by Maria Elena Bruni (Uni of
Calabria).
The title is " Enhancing project resilience: a risk-averse approach to
payment delays ".
The seminar will take place on Zoom on Wednesday, November 29 at 14:00 UTC.
Please check carefully the summer/winter time change in your country.
Join Zoom Meeting
https://cesnet.zoom.us/j/92922491900?pwd=TU9uWlpSSHJxSjlnUitxcjdDWkR3UT09
Meeting ID: 929 2249 1900
Passcode: 781666
You can follow the seminar online or offline on our Youtube channel as well:
https://www.youtube.com/channel/UCUoCNnaAfw5NAntItILFn4A
The abstract follows.
The onset of the pandemic and the conflict in Europe have disrupted our
society, supply chains, and economies. The effects of these global
shocks are evident in every type of project - whether related to the
energy transition, the renewal of transport infrastructure, or the
construction industry- impacted by the highest rates of inflation in
more than 30 years and by a significant cash flow crisis. In this
complex landscape, delays in payments have become a common risk factor
for projects, since they create a time lag between the expenses incurred
by the contractor and the progress payments received from the client.
The challenges associated with obtaining continuous project finances
often place undue financial strain on contractors that may seek loans
from financial institutions to maintain their daily operations. These
loans must be returned with interest, increasing financing costs, and
considerably lowering the Net Present Value. In this talk, we delve into
cash flow and project scheduling strategies to mitigate late payment
impacts and enhancing project resilience, presenting a distributionally
robust risk-averse model that minimizes the financing cost by accurately
estimating the amount and timing of the expenses and revenues throughout
the project life cycle and foreseeing possible cost overruns and cash
flow fluctuations. Joint work with Oncu Hazir.
The next talk in our series will be:
Céline Swennenhuis (ALGO, TU Eindhoven) | December 13 | A Subexponential
Time Algorithm for Makespan Scheduling of Unit Jobs with Precedence
Constraints.
For more details, please visit https://schedulingseminar.com/
With kind regards
Zdenek, Mike and Guohua
--
Zdenek Hanzalek
Industrial Informatics Department,
Czech Institute of Informatics, Robotics and Cybernetics,
Czech Technical University in Prague,
Jugoslavskych partyzanu 1580/3, 160 00 Prague 6, Czech Republic
https://rtime.ciirc.cvut.cz/~hanzalek/
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