Title :
Stochastic activity networks
Author :
Elmaghraby, S.E.
Author_Institution :
North Carolina State Univ., Raleigh, NC, USA
Abstract :
We shall review the history of “stochastic activity networks” (SANs) since their inception with the PERT model in 1959, and the various embellishments and contributions that have taken place since then in the subject of project planning and control in the presence of uncertainty. We shall also introduce the new concept of the “Alphorn of Uncertainty” (AoU), with examples of its application, and its use in the financial planning of a project.
Keywords :
financial management; network theory (graphs); planning; project management; stochastic processes; Alphorn of uncertainty concept; AoU concept; PERT model; financial planning; project control; project planning; stochastic activity networks; Books; Educational institutions; History; Industrial engineering; Planning; Stochastic processes; Uncertainty;
Conference_Titel :
Industrial Engineering and Systems Management (IESM), Proceedings of 2013 International Conference on
Conference_Location :
Rabat
