Bounds on Expected Project Tardiness

John Birge and Marilyn J. Maddox
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Marilyn J. Maddox: Ford Motor Company, Dearborn, Michigan

Operations Research, 1995, vol. 43, issue 5, 838-850

Abstract: A frequent goal in scheduling projects and production operations is determining the financial impact of project duration or production lead time. This paper considers net project value effects that increase proportionally to time in excess of a deadline. New bounds on the expected value of these tardiness costs are given. The bounds provide robust measurements without requiring extensive assumptions about activity distributions.

Keywords: probability: moment problem; production/scheduling: tardiness bounds; project management: objective bounds (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:43:y:1995:i:5:p:838-850

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