Dynamic Programming for Project Cost-Time Curves

Abstract

Dynamic programming is used to solve the problems of deriving a project cost-time relationship, given the CPM network for the project and the cost-time relationships for all parts of it. The use of dynamic programming allows freedom from restriction in the kind of cost-time relationships used as data, but at the present stage of development of the method, only projects with certain classes of CPM networks can be treated. A simple numerical example is worked and the program and results are given for a computer worked example.

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