Allocating slacks in stochastic PERT network

Allocating slacks in stochastic PERT network

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Article ID: iaor201442
Volume: 22
Issue: 1
Start Page Number: 37
End Page Number: 52
Publication Date: Mar 2014
Journal: Central European Journal of Operations Research
Authors: , ,
Keywords: project management
Abstract:

The SPERT problem was defined, in a game theory framework, as the fair allocation of the slack or float among the activities in a PERT network previous to the execution of the project. Previous approaches tackle with this problem imposing that the durations of the activities are deterministic. In this paper, we extend the SPERT problem into a stochastic framework defining a new solution that tries also to maintain the good performance of some other approaches that have been defined for the deterministic case. Afterward, we present a polynomial algorithm for this new solution that also could be used for the calculation of other approaches founded in the deterministic SPERT literature.

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