A note on the reasonableness of PERT hypotheses

A note on the reasonableness of PERT hypotheses

0.00 Avg rating0 Votes
Article ID: iaor2004433
Country: Netherlands
Volume: 31
Issue: 1
Start Page Number: 60
End Page Number: 62
Publication Date: Jan 2003
Journal: Operations Research Letters
Authors: , ,
Keywords: PERT
Abstract:

In this paper the expression for the mean in the PERT method is considered. This mean involves a parameter k, that sometimes has been set to 4. Insisting on the similarity between the beta and the normal distributions, certain hypotheses are proposed that lead to k necessarily being exactly 4. More specifically, but using the moments of the second and fourth orders, it is shown that the usual beta distribution in the PERT method is mesokurtic (γ=3) and of constant variance (σ2 = 1/36).

Reviews

Required fields are marked *. Your email address will not be published.