DocumentCode
571444
Title
Simulation Analysis of Criticality Indexes of Activities in GERT Networks
Author
Ren, Shike ; Yuan, Zhiping
Author_Institution
Sch. of Manage., Xi´´an Jiaotong Univ., Xi´´an, China
fYear
2012
fDate
18-21 Aug. 2012
Firstpage
567
Lastpage
571
Abstract
In this paper, Criticality Indexes of activities in GERT network are defined as ratios of the relative change extent of project characteristics to the relative variation degree of activities´ parameters. Monte-Carlo simulation method is utilized to solve GERT network and based on this method the procedure to calculate Criticality Indexes of activities is derived. A practical R&D project is used to illustrate the results of this paper. The Criticality Indexes of the activities of the project are calculated and their variation curves are depicted. Based on the results, the managers may find the activities which influence the project makespan more evidently and thus need to be paid more attention to in the course of the project execution. In addition, the results can provide useful guidance for the project managers to take effective control measures as well.
Keywords
Monte Carlo methods; research and development; GERT networks; Monte-Carlo simulation method; R&D project; criticality indexes; simulation analysis; variation curves; Analytical models; Computational modeling; Indexes; Monte Carlo methods; Probability; Sensitivity; Stochastic processes; GERT networks; Monte-Carlo simulation; criticality indexes of activities;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Intelligence and Financial Engineering (BIFE), 2012 Fifth International Conference on
Conference_Location
Lanzhou
Print_ISBN
978-1-4673-2092-4
Type
conf
DOI
10.1109/BIFE.2012.124
Filename
6305188
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