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Essay

Pert Vs. Monte Carlo

Essay specific features

 

Issue:

Science

 

Written by:

Susan C

 

Date added:

June 25, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2406

 

Was viewed:

5824 times

 

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Essay content:

PERT became popular around the same time computers were progressing from the mainframe to mini-computers. During the evolution of computer technology, advanced programs were developed to provide further probabilistic estimates via simulations (Monte Carlo Analysis). B) PERT assumes the Beta probability distribution to calculate the expected time of an activity within a network...
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PERT requires that for each activity, three duration estimates are needed (optimistic, most likely, pessimistic). This distribution is used for PERT since there was no set basis for selecting a specific distribution and was accepted in order to derive an equation. The Beta distribution is also used to calculate the variance and standard deviation of each task and ultimately the entire project via the critical path...
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General issues of this essay:
Barilla Spa, Just In Time Distribution Barilla spA, Just in time distribution Distribution Distribution distribution channels distribution strategy Just in Time Distribution Pricing And Distribution Probability Distribution Tapal Distribution Distribution distribution channel Pert Vs. Monte Carlo Condom Distribution Population Distribution
 

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