Original scientific paper

https://doi.org/10.17559/TV-20180410114808

Minimizing the Pessimistic Time of Activity in Overhaul Project

Josip Jukić ; College of Slavonski Brod, Dr. Mile Budaka 1, 35000 Slavonski Brod, Croatia
Roberto Lujić orcid.org/0000-0001-5123-3064 ; Josip Juraj Strossmayer University of Osijek, Mechanical Engineering Faculty in Slavonski Brod, Trg Ivane Brlić Mažuranić 2, 35000 Slavonski Brod, Croatia
Dražen Barković ; Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek, Trg Ljudevita Gaja 7, 31000 Osijek, Croatia

Abstract

The objective of this paper is to analyse some concepts of the project management techniques and the proposed mathematical model for estimating the project completion probability after crashing of PERT/CPM network. The main objective is to minimize the pessimistic time of the activity, which lies on the critical path by investing additional amounts of money to the project. The increment of the investment not only decreases the pessimistic time of the activities along the critical path, but it also decreases the expected time of activities along the critical path of the whole project duration.

Keywords

CPM; crashing time; PERT; project management

Hrčak ID:

219526

URI

https://hrcak.srce.hr/219526

Publication date:

24.4.2019.

Visits: 2.062 *