Title :
A note on computing the exact probability distribution of the project completion time in a stochastic PERT network
Author :
Milian, Zdzislaw
Author_Institution :
Dept. of Civil Eng., Cracow Univ. of Technol., Cracow, Poland
Abstract :
In this paper a recursive method of determining the exact probability distribution of the project completion time in stochastic PERT networks is presented. It is assumed that durations of particular tasks are independent random variables with known distributions. The method concerns any network and can be applied in the case of any continuous distributions of task durations. Examples of exact density functions of project completion time for some networks are given. A comparison with the straightforward method is also included.
Keywords :
PERT; network theory (graphs); project management; statistical distributions; stochastic processes; continuous task duration distributions; exact probability distribution; independent random variables; project completion time; stochastic PERT networks; Joints; Operations research; Polynomials; Probability density function; Probability distribution; Random variables; Stochastic processes; PERT network; exact distributions;
Conference_Titel :
Industrial Engineering and Engineering Management (IEEM), 2013 IEEE International Conference on
Conference_Location :
Bangkok
DOI :
10.1109/IEEM.2013.6962378