Simulation-Based Approach for Estimating Project Completion Time of Stochastic Resource–Constrained Project Networks

AbstractThis paper proposes a new approach, entitled discrete event simulation with probabilistic event list (DESPEL), for approximating the project completion time and the critical path in a stochastic resource–constrained project network. Unlike the traditional discrete event simulation approach,...

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Bibliographic Details
Published in:Journal of computing in civil engineering 2012-07, Vol.26 (4), p.558-560
Main Authors: Sadeghi, Naimeh, Fayek, Aminah Robinson, Ingolfsson, Armann
Format: Article
Language:English
Subjects:
Applied sciences
Buildings. Public works
Computation methods. Tables. Charts
Exact sciences and technology
Project management. Process of design
Structural analysis. Stresses
Technical Note
Technical Notes
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Summary:AbstractThis paper proposes a new approach, entitled discrete event simulation with probabilistic event list (DESPEL), for approximating the project completion time and the critical path in a stochastic resource–constrained project network. Unlike the traditional discrete event simulation approach, which is based on replications to find the project completion time, this approach only requires one simulation run. This approach is similar to the program evaluation and review technique (PERT) approach in the sense that it considers the path with the highest expected activity duration as the critical path. However, it extends the capability of the PERT by considering the resource constraints when finding the critical activities and project completion time.
ISSN:0887-3801
1943-5487
DOI:10.1061/(ASCE)CP.1943-5487.0000165