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.

MoreLess

Year of publication:	2007
Authors:	Friebelová, Jana ; Friebel, Ludvík
Published in:	Acta Universitatis Bohemiae Meridionales. - Ekonomická Fakulta, ISSN 2336-4297. - Vol. 10.2007, 1, p. 5-9
Publisher:	Ekonomická Fakulta
Subject:	stochastic project \| a random activity duration \| beta probability distribution \| simulation \| @RISK

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010822850