Managing manufacturing projects using simulation and meta heuristics

Abstract

Companies today find themselves in a highly competitive newlineenvironment of rapidly changing operational requirements The need is to newlinemanage increasing product complexities shorter time to market newer newlinetechnologies and threats of global competition The project management newlinetechniques need to be revisited to improve its application and effectiveness newlineThe most popular methods for project planning and management are based on newlinea network diagram such as Program Evaluation and Review Technique newlinePERT and the Critical Path Method CPM These tools did not consider newlinenumber of factors which are important for reallife project management The newlineextensions on these tools like decision CPM DCPM Graphical Evaluation newlineand Review Technique GERT and Venture Evaluation and Review newlineTechnique VERT are limited in application newline newline