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.

PERT (Program Evaluation and Review Technique) is a well-known method for planning and scheduling large-scale stochastic projects with random activity durations. The paper deals with an approximation to probability distribution of this random variable by using beta distribution and triangular...

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.

PERT (Program Evaluation and Review Technique) is a well-known method for planning and scheduling large-scale stochastic projects with random activity durations. The paper deals with an approximation to probability distribution of this random variable by using beta distribution and triangular...