Simulation of Project Completion Time with Burr XII Activity Distribution
Journal Title: Asian Research Journal of Mathematics - Year 2017, Vol 6, Issue 4
Abstract
Project Evaluation and Review Technique (PERT) in conjunction with Monte Carlo simulation is no doubt a useful and an acceptable tool for the analysis of project networks. However, a common challenge in practice is the inability to confidently select appropriate input distribution to represent activity durations owing to scarcity of project network data. A pilot survey of bore hole drilling projects in Benue state, Nigeria revealed that most activity duration data do not follow the Beta distribution and some other commonly used activity duration distributions. Hence, the Burr XII distribution is introduced as input activity duration distribution in the simulation of stochastic project network. Some desirable properties that qualify the use of Burr XII distribution are also presented. Results obtained using the Burr XII activity duration distribution shows advantage over the traditional PERT-Beta.
Authors and Affiliations
Enobong Francis Udoumoh, Daniel W. Ebong, Iberedem A. Iwok
Keywords
Related Articles
- EP ID EP338405
- DOI 10.9734/ARJOM/2017/35707
- Views 77
- Downloads 0
Pre-SHS Students’ Perception of Difficult Concepts in Junior High School Mathematics Curriculum in Ghana
This study employed the survey research design aimed at investigating difficult concepts in Junior Secondary School mathematics curriculum as perceived by Pre-Senior High School students in Ghana. The study was guided by...
Initial Coefficients Estimates for Certain Generalized Class of Analytic Functions Involving Sigmoid Function
For function of Bazilevic type, initial coefficients , and for certain generalized class of analytic functions involving logistic sigmoid function are obtained. Further, the Fekete-Szego functional is also conside...
Application of SARIMA to Modelling and Forecasting Money Circulation in Nigeria
This paper discusses the trend and pattern of money circulation in Nigeria. Its relevance lies in the fact that it could assist in monitoring the level of money circulation in the economy. Data on monthly records of mone...
Some Power Sums from the Geometric Series
We focus on the summation of Σn r=1 (r + k − 1)! (r − 1)! xr+k and express it as simple polynomials and nd a relation between them.
A Markov Chain Model Approach to Study Academic Promotions in Ghanaian Universities
Promotions of academic staff in universities and analogous institutions remain crucial to the attainment of economic, environmental and societal objectives nationally and globally. Notwithstanding the benefits to institu...