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Using of simulation in project management

Author

Listed:
  • Jana Friebelová

    (University of South Bohemia in České Budějovice)

  • Ludvík Friebel

    (University of South Bohemia in České Budějovice)

Abstract

The duration of all or some activities in stochastic projects is a random variable. It is advantageous to generate values of random activity durations with beta probability distributions. We can carry out time analysis of stochastic projects by means of simulation.

Suggested Citation

  • Jana Friebelová & Ludvík Friebel, 2007. "Using of simulation in project management," Acta Universitatis Bohemiae Meridionales, University of South Bohemia in Ceske Budejovice, vol. 10(1), pages 5-9.
    • Handle: RePEc:boh:actaub:v:10:y:2007:i:1:p:5-9
    DOI: 10.32725/acta.2007.001
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