Using of simulation in project management

VYUŽITÍ SIMULACE V PROJEKTOVÉM MANAGEMENTU

Jana Friebelová and Ludvík Friebel
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Jana Friebelová: University of South Bohemia in České Budějovice
Ludvík Friebel: University of South Bohemia in České Budějovice

Acta Universitatis Bohemiae Meridionalis, 2007, vol. 10, issue 1, 5-9

Abstract: 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.

Keywords: stochastic project; a random activity duration; beta probability distribution; simulation; @RISK (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:boh:actaub:v:10:y:2007:i:1:p:5-9

DOI: 10.32725/acta.2007.001

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