摘要:Selection of project start time is a problem that decision makers often face. This is important when,e.g.,the final results depend on currency exchange rates. Sometimes more favourable rates can be expected in the future,but postponing the project start date involves the risk of delay beyond acceptable limits. In the paper,the Cox-Ross-Rubinstein method (CRR),based on binominal trees,is applied. Two criteria are taken into account: project cost and the probability of project delay. It is assumed that the parameters of probability distribution are specified by experts. The problem is presented as a dynamic process. An interactive technique of multi-criteria decision-making about problems under risk is proposed. The procedure uses trade-offs to select a proposal,which is next evaluated by the decision maker.
其他摘要:W wielu projektach pojawia się problem wyboru momentu ich rozpoczęcia. Jest to istotne,np. gdy końcowe rezultaty są uzależnione od kursów wymiany walut. Można oczekiwać korzystniejszej sytuacji,lecz wiąże się to z ryzykiem opóźnienia projektu poza dopuszc