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

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  • Menipaz, Ehud
  • Ben-Yair, Avner

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:

Suggested Citation

  • Menipaz, Ehud & Ben-Yair, Avner, 2002. "Three-parametrical harmonization model in project management by means of simulation," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 59(5), pages 431-436.
    • Handle: RePEc:eee:matcom:v:59:y:2002:i:5:p:431-436
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    References listed on IDEAS

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    1. Golenko-Ginzburg, Dimitri, 1993. "A two-level decision-making model for controlling stochastic projects," International Journal of Production Economics, Elsevier, vol. 32(1), pages 117-127, August.
    2. S. Arisawa & S. E. Elmaghraby, 1972. "Optimal Time-Cost Trade-Offs in GERT Networks," Management Science, INFORMS, vol. 18(11), pages 589-599, July.
    3. James E. Kelley, 1961. "Critical-Path Planning and Scheduling: Mathematical Basis," Operations Research, INFORMS, vol. 9(3), pages 296-320, June.
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    Cited by:

    1. Dorota Kuchta & Stanisław Stanek, 2020. "Application of Simulation to Selecting Project Strategy for Autonomous Research Projects at Public Universities," Administrative Sciences, MDPI, vol. 10(1), pages 1-23, March.
    2. Menipaz, Ehud & Ben-Yair, Avner, 2002. "Harmonization simulation model for managing several stochastic projects," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 61(1), pages 61-66.

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