@inproceedings{bf2dfd2e93644b428079eb5993c6f63f,
title = "Risk management of CPM networks under randomness and fuzziness based on conditional Value-at-Risk",
abstract = "This paper considers an extended critical path method (CPM) in terms of risk management to analyze the criticality in a network with both randomness and fuzziness for activities duration times. In order to formulate the risk management mathematically, a new risk measure is proposed by synthesizing both the conditional Value-at-Risk (cVaR) for randomness and the order relation for fuzziness. The proposed model defined by the integrated risk measure is transformed into a linear programming problem using scenario simulation approach for randomness. Furthermore, in the case of normal distributions, the proposed model is transformed into an existing parametric linear programming problem, and so the strict solution algorithm is also developed.",
keywords = "Conditional Value-at-Risk (cVaR), Critical path method (CPM), Fuzziness, Randomness, Risk management",
author = "T. Hasuike",
year = "2011",
month = jan,
day = "1",
language = "English",
series = "21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 - Conference Proceedings",
publisher = "Fraunhofer-Verlag",
editor = "Tobias Krause and Dieter Spath and Rolf Ilg",
booktitle = "21st International Conference on Production Research",
note = "21st International Conference on Production Research: Innovation in Product and Production, ICPR 2011 ; Conference date: 31-07-2011 Through 04-08-2011",
}