Incorporating Project Cost Considerations into Stochastic PERT (Project Evaluation and Review Technique).

Abstract

This report extends classical PERT to incorporate both random activity durations and project cost considerations. Project costs include both planned activity costs and penalties for activities exceeding their allowed durations. Several problem formulations are mentioned, and the determination of a minimum cost schedule satisfying a predetermined project deadline is discussed in detail. This latter problem is formulated as a separable programming problem which can be solved by the computer algorithm documented in the appendices.

Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1975
Accession Number
ADA025021

Entities

People

  • Paul P. Biemer
  • Robert L. Sielken Jr.

Organizations

  • Texas A&M University

Tags

DTIC Thesaurus Topics

  • Algorithms
  • Computer Programming
  • Computers
  • Computing Devices
  • Computing-Related Activities
  • Test And Evaluation

Readers

  • Operations Research
  • Systems Analysis and Design