Robust project management with the tilted beta distribution
| Title: | Robust project management with the tilted beta distribution |
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| Authors: | Hahn, Eugene D., López Martín, María del Mar |
| Source: | UPCommons. Portal del coneixement obert de la UPC Universitat Politècnica de Catalunya (UPC) Dipòsit Digital de Documents de la UAB Universitat Autònoma de Barcelona SORT-Statistics and Operations Research Transactions; 2015: Vol.: 39 Núm.: 2 July-December; p. 253-272 oai:raco.cat:article/302262 Repositori Institucional de la Universitat Rovira i Virgili Universitat Rovira i virgili (URV) |
| Publisher Information: | Maryland Shared Open Access Repository, 2015. |
| Publication Year: | 2015 |
| Subject Terms: | 62E15, 90B99, 62P30, Finite mixture, 62 Statistics::62P Applications [Classificació AMS], finite mixture, 62 Statistics::62E Distribution theory [Classificació AMS], Classificació AMS::62 Statistics::62P Applications, Activity times, sensitivity analysis, Robust project management, Àrees temàtiques de la UPC::Matemàtiques i estadística::Estadística matemàtica, Matemàtiques i estadística::Estadística matemàtica [Àrees temàtiques de la UPC], 13. Climate action, Classificació AMS::62 Statistics::62E Distribution theory, Tilted beta distribution, PERT, Activity times, finite mixture, PERT, tilted beta distribution, robust project management, sensitivity analysis, tilted beta distribution, robust project management, Sensitivity analysis |
| Description: | Recent years have seen an increase in the development of robust approaches for stochastic project management methodologies such as PERT (Program Evaluation and Review Technique). These robust approaches allow for elevated likelihoods of outlying events, thereby widening interval estimates of project completion times. However, little attention has been paid to the fact that outlying events and/or expert judgments may be asymmetric. We propose the tilted beta distribution which permits both elevated likelihoods of outlying events as well as an asymmetric representation of these events. We examine the use of the tilted beta distribution in PERT with respect to other project management distributions |
| Document Type: | Other literature type Article |
| File Description: | application/pdf |
| Language: | English |
| DOI: | 10.13016/m25t3g16r |
| Access URL: | https://hdl.handle.net/2117/88511 http://hdl.handle.net/2117/88511 https://ddd.uab.cat/record/144974 http://hdl.handle.net/20.500.11797/RP2433 https://hdl.handle.net/20.500.11797/RP2433 https://upcommons.upc.edu/handle/2117/88511 https://ddd.uab.cat/record/144974 https://dialnet.unirioja.es/servlet/articulo?codigo=5318285 https://mdsoar.org/handle/11603/7379 https://ddd.uab.cat/pub/sort/sort_a2015m7-12v39n2/sort_a2015m7-12v39n2p253.pdf http://www.raco.cat/index.php/SORT/article/view/302262 |
| Rights: | CC BY NC ND |
| Accession Number: | edsair.doi.dedup.....bf976e0aa9f719d72438e815973aec80 |
| Database: | OpenAIRE |
| DOI: | 10.13016/m25t3g16r |
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