Accession Number:

ADA025021

Title:

Incorporating Project Cost Considerations into Stochastic PERT (Project Evaluation and Review Technique).

Descriptive Note:

Themis optimization research program,

Corporate Author:

TEXAS A AND M UNIV COLLEGE STATION INST OF STATISTICS

Report Date:

1975-11-01

Pagination or Media Count:

65.0

Abstract:

This report extends classical PERT to incorporate both random activity durations and project cost considerations. Project costs include both planned activity costs and penalties for activities exceeding their allowed durations. Several problem formulations are mentioned, and the determination of a minimum cost schedule satisfying a predetermined project deadline is discussed in detail. This latter problem is formulated as a separable programming problem which can be solved by the computer algorithm documented in the appendices.

Subject Categories:

  • Administration and Management

Distribution Statement:

APPROVED FOR PUBLIC RELEASE