IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v29y1981i4p676-697.html
   My bibliography  Save this article

Operations Planning with VERT

Author

Listed:
  • Gerald L. Moeller

    (Stetter Associates, Inc., LeClaire, Iowa)

  • Lester A. Digman

    (The University of Nebraska, Lincoln, Nebraska)

Abstract

The Venture Evaluation and Review Technique (VERT) is a computerized, mathematically oriented network-based simulation technique designed to analyze risks existing in three parameters of most concern to managers in new projects or ventures—time, cost, and performance. As such, the VERT technique is more powerful than techniques such as GERT, which are basically time and cost oriented. VERT has been successfully utilized to assess the risks involved in new ventures and projects, in the estimation of future capital requirements, in control monitoring, and in the overall evaluation of ongoing projects, programs, and systems. It has been helpful to management in cases where there is a requirement to make decisions with incomplete or inadequate information about the alternatives. An example describing the application of VERT to an operational planning problem—the evaluation of electric power generating methods—is illustrated.

Suggested Citation

  • Gerald L. Moeller & Lester A. Digman, 1981. "Operations Planning with VERT," Operations Research, INFORMS, vol. 29(4), pages 676-697, August.
    • Handle: RePEc:inm:oropre:v:29:y:1981:i:4:p:676-697
    DOI: 10.1287/opre.29.4.676
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.29.4.676
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.29.4.676?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:29:y:1981:i:4:p:676-697. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.