Analyzing linear recursive projects as an absorbing chain. (23rd February 2006)

• Record Type: Journal Article
• Authors: Minh, Do L.; Bhaskar, R.
• Is Part Of: Journal of applied mathematics & decision sciences. Volume 2006(2006)
• Publication Date: 2006-02-23
• Subjects: Operations research -- Periodicals; Mathematical models -- Periodicals; Statistics -- Periodicals; Quality control -- Periodicals; Mathematical models; Operations research; Quality control; Statistics; Periodicals; 519.05
• DOI: 10.1155/JAMDS/2006/84735
• Languages: English
• ISSNs: 1173-9126

Abstract

Abstract : Hardie (2001) used general Markov chains to study the linear "recursive projects" in which some activities may be revisited after a later activity is completed. In this paper, we propose that it is better to treat the project as an absorbing chain. This allows us to calculate the expected value and the variance of the project duration.