A CPM Time-Cost Computational Algorithm for Arbitrary Activity Cost Functions
A CPM Time-Cost Computational Algorithm for Arbitrary Activity Cost Functions
复制标题
任意活动成本函数的CPM时间成本计算算法
DOI:
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发表时间:
1977
期刊:
影响因子:
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通讯作者:
D. Panagiotakopoulos
中科院分区:
文献类型:
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作者:
D. Panagiotakopoulos
AbstractThe development and use of the time-cost trade-off curve for a project is an essential part of a CPM analysis, since small variations in project duration could heavily affect the project’s cash flow. Several procedures exist for developing this curve. However, either they assume un-realistically simplified forms for the cost-time relations of the activities, whereupon the project curve is inaccurate and of little use, or they employ complex and impractical analytical techniques. This paper suggests a simple and efficient computational algorithm for developing the project time-cost curve for arbitrary, and thus realistic, cost-time relations for the activities. The algorithm proceeds in steps understandable by the average user and it is suitable for both hand calculations and computer solutions. Based on a scheme for reducing the ranges of acceptable values for activities durations, the algorithm produces either optimal or cost-satisficing plans, as desired, for different project durations.