Sequential estimation and crashing in PERT networks with statistical dependence

International Journal of Industrial Engineering : Theory Applications and Practice

Volumn 10, Issue 4, 2003, Pages 391-399

  Cho, Sungbin ^a   Covaliu, Zvi ^b  

^a Konkuk University   (South Korea)

^b Facial Plastic Surgicenter   (United States)

Author keywords

Dynamic revision of crashing decision; Learning based estimation; Linear Bayes' theorem; PERT networks

Indexed keywords

DECISION MAKING; ESTIMATION; MATHEMATICAL MODELS; PROBABILITY; PROJECT MANAGEMENT; SENSITIVITY ANALYSIS; STATISTICAL METHODS;

CRASHING DECISION; LEARNING BASED ESTIMATION; LINEAR BAYES THEOREM;

PERT;

EID: 1942518451     PISSN: 10724761     EISSN: 1943670X     Source Type: Journal    
DOI: None     Document Type: Article

References (8)

1. Covaliu, Z. and Oliver, R. M., (1995). Representation and Solution of Decision Problems Using Sequential Decision Diagrams. Management Science, 41: 1860-1881.
2. Covaliu, Z. and Soyer, R., (1996). Bayesian Project Management. Proceedings of the ASA section on Bayesian Statistical Science: 208-213.
3. Hartigan, J. A., (1969). Linear Bayesian Methods. Journal of the Royal Statistical Society, Series B, 31: 446-454.
4. Huseby, A. B. and Tosseviken, K., (1994). Optimal Project Management Policies - A Bayesian Approach. University of Oslo.
5. Jenzarli, A., (1994). PERT Belief Networks. Report 535, College of Business, The University of Tampa, FL.
6. Teplitz, C. J. and Amor, J. P., (1993). Improving CPM's Accuracy Using Learning Curves. Project Management Journal, 24: 15-19.
7. van Dorp, J. R. and Duffey, M. R., (1999). Statistical Dependence in Risk Analysis for Project Networks using Monte Carlo Methods. International Journal of Production Economics, 58: 17-29.
8. Virto, M. A., Rios Insua, D., and Martin, J., (1998). Markov Chain Monte Carlo Methods for Project Management under Uncertainty and Resource Constraints (available from authors).