Master of Science
Gary E. Whitehouse
This paper presents an application of GERT in an economic analysis of the product life cycle of a reparable item. The life cycle of the product has been modelled as a semi-Markov process defined by parameters of transition probabilities, transition time distributions, and transition costs. GERT, a set of procedures which can bde applied to certain types of networks, is used to analyze this network model.
Marsh, Allan D., "An application of gert, graphical evaluation and review technique, in an economic analysis of the product life cycle of a reparable item" (1970). Theses and Dissertations. 3873.