This paper addresses the resource-constrained project scheduling problem with flexible resource profiles (FRCPSP). Such a problem often arises in many real-world applications, in which the resource usage of an activity is not merely constant, but can be adjusted from period to period. The FRCPSP...

We present a binomial approach for pricing contingent claims when the parameters governing the underlying asset process follow a regime-switching model. In each regime, the asset dynamics is discretized by a Cox–Ross–Rubinstein lattice derived by a simple transformation of the parameters...