Affiliation:
1. University of San Diego, School of Business Administration, 5998 Alcala Park, San Diego, CA 92110–2492 USA
Abstract
Programs that require executing a modest number of similar projects arise in several industries, such as aerospace, construction, and defense. The scheduling of such programs often involves deciding how many projects will run simultaneously (in parallel) to “optimally” trade-off resource utilization and penalty costs. One approach for scheduling such programs is to perform a quick approximation and following it later with a “full-blown” procedure. By assuming a common learning rate for all project activities, the quick approximation, although computationally inexpensive, is not sufficiently accurate to eliminate the need for the full procedure, which requires so much data tracking and so many calculations that it is discouraging to practitioners. The approximation proposed in this paper is significantly more accurate than the quick approximation, while requiring only slightly more computation, making it more valuable for program managers.
Subject
Management of Technology and Innovation,Strategy and Management,Business and International Management
Cited by
9 articles.
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