Three-parametrical harmonization model in project management by means of simulation

Ehud Menipaz; Avner Ben-Yair

doi:10.1016/S0378-4754(01)00430-X

Three-parametrical harmonization model in project management by means of simulation

Ehud Menipaz, Avner Ben-Yair

Department of Business Administration

Research output: Contribution to journal › Article › peer-review

8 Scopus citations

Abstract

A PERT-COST type project with random activity duration is considered. The project comprises several essential parameters which practically define the quality of the project as a whole: the budget assigned to the project; the project's due date; the project's reliability, i.e. the probability of meeting the project's due date on time. To establish the quality of the project, the concept of the project's utility is introduced. In order to maximize the project's utility, a three-parametrical harmonization model is developed.

Original language	English
Pages (from-to)	431-436
Number of pages	6
Journal	Mathematics and Computers in Simulation
Volume	59
Issue number	5
DOIs	https://doi.org/10.1016/S0378-4754(01)00430-X
State	Published - 15 Jun 2002

Keywords

Cyclic coordinate search algorithm
Project's utility
Three-parametrical harmonization model

ASJC Scopus subject areas

Theoretical Computer Science
General Computer Science
Numerical Analysis
Modeling and Simulation
Applied Mathematics

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10.1016/S0378-4754(01)00430-X

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abstract = "A PERT-COST type project with random activity duration is considered. The project comprises several essential parameters which practically define the quality of the project as a whole: the budget assigned to the project; the project's due date; the project's reliability, i.e. the probability of meeting the project's due date on time. To establish the quality of the project, the concept of the project's utility is introduced. In order to maximize the project's utility, a three-parametrical harmonization model is developed.",

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AB - A PERT-COST type project with random activity duration is considered. The project comprises several essential parameters which practically define the quality of the project as a whole: the budget assigned to the project; the project's due date; the project's reliability, i.e. the probability of meeting the project's due date on time. To establish the quality of the project, the concept of the project's utility is introduced. In order to maximize the project's utility, a three-parametrical harmonization model is developed.

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KW - Three-parametrical harmonization model

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ER -

Three-parametrical harmonization model in project management by means of simulation

Abstract

Keywords

ASJC Scopus subject areas

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