Journal of the Operational Research Society · 1988 · 111 citations · 7 references
EngineeringPhysical EducationPhysical ActivityProbability TheoryStochastic ProcessesDiscrete-time Stochastic ProcessesMarkov ChainsMarkov ProcessesPoisson ProcessesResidence Time DistributionInterarrival Time Distributions
In PERT analysis the activity-time distribution is assumed to be a beta distribution, and the mean and variance of the activity time are estimated on the basis of the ‘pessimistic’, ‘most likely’ and ‘optimistic’ completion times, which are subjectively determined by an analyst. In this paper, on the basis of the study of the PERT assumptions, we present an improvement of these estimates. It is also shown that, by means of additional reasonable assumptions, the activity-time distribution in PERT analysis may be essentially simplified.
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An Analytical Study of the PERT Assumptions
Kenneth R. MacCrimmon, Charles Ryavec · Operations Research · 1964 · 283 citations