Allocation of contingency in activity duration networks


Williams, Terry (1999) Allocation of contingency in activity duration networks. Construction Management and Economics, 17, (4), 441-447. (doi:10.1080/014461999371367).

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Original Publication URL: http://dx.doi.org/10.1080/014461999371367

Description/Abstract

This paper describes a method for apportioning contingency in a probabilistic network. It distinguishes between two requirements for contingency: for high variance crucial activities, and for high float noncritical activities. This enables a logical two-step apportionment, the first based upon the idea of 'cruciality', which has become established as an important indicator of an activity's importance in risk terms, and the second based upon standard ideas about float. A numerical example is given based on data used by previous work, so that a comparison of the methods can be made.

Item Type: Article
ISSNs: 0144-6193 (print)
Related URLs:
Keywords: network analysis, stochastic networks, construction planning, cpm, contingency
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HB Economic Theory
Divisions: University Structure - Pre August 2011 > School of Management
ePrint ID: 36891
Date Deposited: 23 Apr 2007
Last Modified: 27 Mar 2014 18:23
URI: http://eprints.soton.ac.uk/id/eprint/36891

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