Bounding the expected time-cost curve for a stochastic PERT network flow

Bounding the expected time-cost curve for a stochastic PERT network flow

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Article ID: iaor1989660
Country: Netherlands
Volume: 8
Issue: 2
Start Page Number: 89
End Page Number: 94
Publication Date: Apr 1989
Journal: Operations Research Letters
Authors:
Abstract:

Based on some earlier work by Wollmer on how to approximate the expected time-cost curve for a random PERT network, the paper demonstrates how it is possible to instead find a curve that bounds the true expected time-cost from below. This is done by showing how the necessary cuts can be generated based on different bounding procedures from the literature.

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