Using of simulation in project management

The duration of all or some activities in stochastic projects is a random variable. It is advantageous to generate values of random activity durations with beta probability distributions. We can carry out time analysis of stochastic projects by means of simulation.

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Year of publication:	2012-09-18
Authors:	Friebelová, Jana ; Friebel, Ludvík
Publisher:	Acta Universitatis Bohemiae Meridionalis
Subject:	stochastic project \| a random activity duration \| beta probability distribution \| simulation \| @RISK

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Type of publication:	Article
Language:	English
Source:	BASE

Persistent link: https://www.econbiz.de/10011315842