• 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