Temporal analysis, cost minimization, and the scheduling of projects with stochastic evolution structure

Temporal analysis, cost minimization, and the scheduling of projects with stochastic evolution structure

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Article ID: iaor1994278
Country: Singapore
Volume: 6
Issue: 2
Start Page Number: 167
End Page Number: 191
Publication Date: Nov 1989
Journal: Asia-Pacific Journal of Operational Research
Authors: ,
Keywords: project management
Abstract:

This paper gives an introduction to analytical network techniques for dealing with projects with stochastic evolution structure and feedback. Temporal analysis, cost minimization, and the scheduling of such projects under limited resources are discussed. The networks most commonly used to model these projects have several different node types, vector-valued arc weights, and cycles. They are called GERT networks. Specific properties of various classes of GERT networks are presented which can be exploited efficiently to solve certain scheduling problems. Examples and applications of these appropriate GERT networks are given.

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