Abstract
In chapter 6 we have seen that the problem of minimizing the (expected) cost of a project described by a GERT network can be reduced to a stochastic dynamic programming problem. That approach, however, generally requires a great computational effort. In addition, it is only applicable if the GERT network represents an admissible EOR network (which includes the stipulation that the independence and Markov properties from assumptions A2b and A2d are satisfied).
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