Scheduling and Financial Planning in Stochastic Activity Networks

Stochastic Activity Networks (SANs) deal with projects where the required duration or resources for some or all activities are given as random variables characterized by their own probability distribution functions (pdfs). Managing a SAN project requires dealing with several important issues. One of the primary issues is the determination of the optimal project financial plan for a selected planned budget (PB) and the corresponding project schedule and completion time.

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