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A Value Forpertproblems

Author

Listed:
  • GUSTAVO BERGANTIÑOS

    (Research Group in Economic Analysis, Universidade de Vigo, Spain)

  • JUAN VIDAL-PUGA

    (Research Group in Economic Analysis, Universidade de Vigo, Spain)

Abstract

ThePERT(Program Evaluation Review Technique) is a operational research tool used to schedule and coordinate activities in a complex project. We present two values for measuring the importance of each activity. Both values are obtained through an axiomatic characterization using three properties. The first value is characterized with separability, monotonicity, and order preservation. The second value is characterized with separability, equal treatment inside a component, and independence of large durations. We also present an application to the problem of how to share the surplus obtained when a project finishes before the expected completion time.

Suggested Citation

  • Gustavo Bergantiños & Juan Vidal-Puga, 2009. "A Value Forpertproblems," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 11(04), pages 419-436.
    • Handle: RePEc:wsi:igtrxx:v:11:y:2009:i:04:n:s0219198909002418
    DOI: 10.1142/S0219198909002418
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    More about this item

    Keywords

    PERTproblem; value; game theory;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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