Department of Mechanical and Production Engineering

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Browsing Department of Mechanical and Production Engineering by Author "Christopher, Senfuka"

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    Investment decision modeling for transboundary project portfolio selection
    (Journal of Management and Science, 2021-09) Kizito, Paul Mubiru; Christopher, Senfuka; Maureen, Ssempijja
    Joint activities for global water partnerships in regional development programs are usually facilitated by implementing transboundary water projects. Most projects are however hampered by the absence of a clear economic base for making investment decisions. In this paper, we propose a zero-one integer programming model to determine the optimal decisions for selection of project portfolios on transboundary waters; where project selection is based on several time periods in the future. The objective is to determine whether to undertake a project or not; so that the net present value of investment returns is maximized to support needy communities. A numerical example is presented for illustration; demonstrating the optimal choice of investment projects under budget constraints. The zero-one integer programming model provides a feasible solution for choice of transboundary project investment decisions; given the competing nature of capital budgets prior project implementation. The proposed model can be efficient; where limited funds among competing projects serve as a basis for project selection criteria; a decision for facilitation enhancement towards water partnership for regional development.