Stochastic and fuzzy PERT

Stochastic and fuzzy PERT

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Article ID: iaor1991258
Country: Netherlands
Volume: 43
Issue: 2
Start Page Number: 174
End Page Number: 183
Publication Date: Nov 1989
Journal: European Journal of Operational Research
Authors:
Keywords: project management, programming: critical path
Abstract:

Network-planning techniques are considered based on stochastic and fuzzy models of the activity durations. The stochastic versions of PERT are generally intractable, and they cannot be used to draw up tight plans for action. Fuzzy models are closer to reality, simpler to use, but theoretically not well established. The impact of a stochastic and a fuzzy version of PERT is illustrated via a numerical example. Finally, the representation of uncertainty in network planning is discussed, when the activity durations are estimated by human experts.

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