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| Modeling Investment Project Portfolio Selection for Job Creation in Uganda
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Kizito Paul Mubiru Kyambogo, Senfuka Christophe, Kabale, Maureen N. Ssempijja Kyambogo
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Abstract:
Investment projects for human resource skills development towards job creation can be selected on the basis of a clear economic base for making investment decisions. In this study, we propose a zero-one integer programming model to determine the optimal decisions for the selection of job creation project portfolios in Uganda; 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 on selected projects are maximized. A numerical example is presented for illustration; demonstrating the optimal choice of job creation projects under budget constraints. The zero-one integer programming model provides a feasible solution; given the competing nature of capital budgets prior to project implementation. The proposed model can be efficient; where limited funds among competing job creation projects serve as a basis for project selection criteria.
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