search query: @indexterm CRITICAL PATH METHOD / total: 31
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| Author: | Sunde, L. Lichtenberg, S. |
| Title: | Net-present-value cost/time tradeoff |
| Journal: | International Journal of Project Management
1995 : FEB, VOL. 13:1, p. 45-50 |
| Index terms: | SCHEDULING HEURISTIC METHODS CRITICAL PATH METHOD |
| Language: | eng |
| Abstract: | Cost/time tradeoff (CTTO) is used to increase the net benefit of a project by crashing selected activities. A new heuristic CTTO which balances cost, time and resources is presented. Most heuristic methods only balance two out of the three possible parameters at a time. The new method is called net-present-value CTTO. It uses a net-present-value representation, the Lichtenberg Quality Picture, as a balancing criterion. The usually ignored stochastic effects are also included, using successive scheduling. |
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