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Expected Shortfall for the Makespan in Activity Networks With Fuzzy Durations

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This article deals with the evaluation of the expected shortfall or the conditional value-at-risk for the makespan in scheduling problems represented as temporal activity networks where we assume that only… Click to show full abstract

This article deals with the evaluation of the expected shortfall or the conditional value-at-risk for the makespan in scheduling problems represented as temporal activity networks where we assume that only a type-1 fuzzy representation for the activity-integer-valued durations is known to the scheduler. More precisely, we address the evaluation of the expected shortfall associated to a feasible schedule, and we extend the approach recently proposed for the case of interval-valued durations. We develop and analyze a suitable computational method to obtain the fuzzy evaluation of the expected shortfall of the makespan of a given schedule. The proposed method enables to use the expected shortfall as quality criterion for wide classes of scheduling approaches considering risk aversion in different practical contexts when only a fuzzy representation of activity durations is known.

Keywords: activity networks; shortfall makespan; activity; evaluation expected; expected shortfall

Journal Title: IEEE Transactions on Fuzzy Systems
Year Published: 2022

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