Page 15 - OPERATIONS RESEARCH
P. 15

It is apparent from that the critical path comprises the tasks (1,3), (3,4), (4,6), (6,7).  This path
               represents the shortest time to complete the entire project.



               PROBABILITY CONSIDERATION IN PERT

                    Under the conditions of uncertainty, the estimated time for each activity for PERT network is

               represented by a probability distribution. This probability distribution of activity time is based
               upon three different time estimates made for each activity. These are as follows

                    =the optimistic time, is the shortest possible time to complete the activity if all goes well,
                   
                  = the pessimistic time, is the longest time that an activity could take if everything goes wrong,
                  
                  = the most likely time, is the estimate of the normal time an activity would take. If only one
                  
               time were available, this would be it. Otherwise it is the mode of the probability distribution.
                                                                         The  range  specified  by  the  optimistic

                                                                time (    ) and pessimistic time (   ) estimates
                                                                                                   
                                                                         
                                                                supposedly  must  enclose  every  possible
                                                                estimate  of the  duration  of the activity.   The

                                                                most    likely  time  (   )  estimate  may    not
                                                                                        
                                                                coincide  with  the  midpoint  (     +     )/2  and
                                                                                                      
                                                                                                 
                                                                may  occur  to its left or to its right as  given,
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