Production and Operations Management 1996
MODELING TIME‐COST TRADE‐OFFS IN CPM NETWORKS
Abstract
A new type of PERT/CPM methodology is introduced whereby the individual activities within a project management network are endowed with resistive and capacitive elements. This methodology will enable us to mathematically define a completion time for the various activities and to relate the completion time to relevant cost in the completion of a particular task. It will also allow us to define the work done, and the rate at which work is being done, in an activity as a function of the applied effort and resource outlay. As a consequence, both the resource expenditure and the work done can be tracked within a network as a function of time.
- DOI
- 10.1111/j.1937-5956.1996.tb00399.x
- Sources
- openalex