Accession Number:

ADA058137

Title:

Minimizing a Project Cost with Bounds on the Expectation and Variance of the Delay Time.

Descriptive Note:

Scientific rept.,

Corporate Author:

GEORGE WASHINGTON UNIV WASHINGTON D C PROGRAM IN LOGISTICS

Personal Author(s):

Report Date:

1978-06-30

Pagination or Media Count:

15.0

Abstract:

A problem is discussed involving a project consisting of a number of tasks, each of which must be performed in a sequential manner. Any of the tasks is subject to a potential delay of known duration beyond its scheduled starting time. The task delay times may be decreased with the addition of funding. We seek to minimize the cost of completing the project, subject to bounds on both the expectation and variance of the total delay time. An algorithm is presented to solve the general problem. An example illustrates the method.

Subject Categories:

  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE