AN ALGORITHM TO SOLVE THE COST OPTIMIZATION PROBLEM THROUGH AN ACTIVITY ON ARROW TYPE NETWORK (CPM/COST PROBLEM)

Abstract

In this paper we offer a new algorithm to the problem of cost optimization solved first by KELLEY and WALKER and later by FULKERSON. The problem is called 'Critical Path Method' CPM/cost in short after KELLEY and WALKER. We have developed our method on the basis of KELLEY and WALKER's work. Our method is simpler in our opininion and is easier to program.