Operations Planning with VERT
The Venture Evaluation and Review Technique (VERT) is a computerized, mathematically oriented network-based simulation technique designed to analyze risks existing in three parameters of most concern to managers in new projects or ventures—time, cost, and performance. As such, the VERT technique is...
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| Veröffentlicht in: | Operations research 1981-07, Vol.29 (4), p.676-697 |
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| container_title | Operations research |
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| creator | Moeller, Gerald L Digman, Lester A |
| description | The Venture Evaluation and Review Technique (VERT) is a computerized, mathematically oriented network-based simulation technique designed to analyze risks existing in three parameters of most concern to managers in new projects or ventures—time, cost, and performance. As such, the VERT technique is more powerful than techniques such as GERT, which are basically time and cost oriented. VERT has been successfully utilized to assess the risks involved in new ventures and projects, in the estimation of future capital requirements, in control monitoring, and in the overall evaluation of ongoing projects, programs, and systems. It has been helpful to management in cases where there is a requirement to make decisions with incomplete or inadequate information about the alternatives. An example describing the application of VERT to an operational planning problem—the evaluation of electric power generating methods—is illustrated. |
| doi_str_mv | 10.1287/opre.29.4.676 |
| format | Article |
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An example describing the application of VERT to an operational planning problem—the evaluation of electric power generating methods—is illustrated.</description><identifier>ISSN: 0030-364X</identifier><identifier>EISSN: 1526-5463</identifier><identifier>DOI: 10.1287/opre.29.4.676</identifier><identifier>PMID: 10252489</identifier><identifier>CODEN: OPREAI</identifier><language>eng</language><publisher>United States: INFORMS</publisher><subject>488 VERT, a simulation technique for planning ; 543 VERT, a stochastic network simulation technique ; 762 VERT, a stochastic network planning technique ; Coal gas ; Completion costs ; Computer based ; Computers ; Cost allocation ; Decision Making ; Design evaluation ; Electric power ; Electric power plants ; Graphical evaluation and review technique ; Health administration ; Humans ; Modeling ; Operations Research ; Organization and Administration ; Project evaluation ; Project management ; Research and development costs ; Risk analysis ; Shock tests ; Simulation ; Techniques</subject><ispartof>Operations research, 1981-07, Vol.29 (4), p.676-697</ispartof><rights>Copyright 1981 The Operations Research Society of America</rights><rights>Copyright Institute for Operations Research and the Management Sciences Jul/Aug 1981</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c463t-b9562e5356e4aa7a7f3d4782491f61e600aaaa2715569fe972b3fb7396eda35e3</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/170384$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://pubsonline.informs.org/doi/full/10.1287/opre.29.4.676$$EHTML$$P50$$Ginforms$$H</linktohtml><link.rule.ids>314,777,781,800,3679,27850,27905,27906,57998,58231,62595</link.rule.ids><backlink>$$Uhttps://www.ncbi.nlm.nih.gov/pubmed/10252489$$D View this record in MEDLINE/PubMed$$Hfree_for_read</backlink></links><search><creatorcontrib>Moeller, Gerald L</creatorcontrib><creatorcontrib>Digman, Lester A</creatorcontrib><title>Operations Planning with VERT</title><title>Operations research</title><addtitle>Oper Res</addtitle><description>The Venture Evaluation and Review Technique (VERT) is a computerized, mathematically oriented network-based simulation technique designed to analyze risks existing in three parameters of most concern to managers in new projects or ventures—time, cost, and performance. 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| identifier | ISSN: 0030-364X |
| ispartof | Operations research, 1981-07, Vol.29 (4), p.676-697 |
| issn | 0030-364X 1526-5463 |
| language | eng |
| recordid | cdi_proquest_journals_219115952 |
| source | MEDLINE; INFORMS PubsOnLine; Business Source Complete; Periodicals Index Online; Jstor Complete Legacy |
| subjects | 488 VERT, a simulation technique for planning 543 VERT, a stochastic network simulation technique 762 VERT, a stochastic network planning technique Coal gas Completion costs Computer based Computers Cost allocation Decision Making Design evaluation Electric power Electric power plants Graphical evaluation and review technique Health administration Humans Modeling Operations Research Organization and Administration Project evaluation Project management Research and development costs Risk analysis Shock tests Simulation Techniques |
| title | Operations Planning with VERT |
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