THE ROLE OF THE PERT METHOD AND MONTE CARLO SIMULATION IN THE PROGRAMMING OF THE UNIQUE PRODUCTION

Not finalizing the unique production in the proper time (whether it is the production of a large complex metal piece, a luxury car or a mansion) will lead to substantial additional costs which will take the form of penalties provided in the delivery contracts of products. Because in practice, the duration of the activities from which the project is composed in order to achieve that product can not always be accurately determined and respected (due to unpredictable events that may occur along the way), it is desirable to study the likelihood that the project will be completed up to a certain point in time before making a delivery contract.