Question

In: Operations Management

What is the goal of a critical path problem?If you are dispatching delivery trucks in a...

What is the goal of a critical path problem?If you are dispatching delivery trucks in a small geographic area, would you use a max-flow, critical-path or minimum cost network flow model?

Solutions

Expert Solution

Critical Path Method technique is especially undertaken to analyze the complex issues pertaining to the Time management, by differentiating the Critical activities from that of the non-critical ones in order to in order to ensure the smooth implementation of processes. The goal of Critical Path Method is to determining the float i.e. the slack time in the field of the Critical path with any slip in it causing an overall delay in the whole process. One could analyze a condition on the basis of the floats in the critical path. In Project Management, ff an activity has few floats in the Project process, on a Critical path method instead of desired zero float, then that would mean that there would be many slacks in the process that could result into delay if all such floats are on the Critical Path Method and hence in such a case, the completion schedule could not be met.. But if these floats do not fall on the Critical path but on the non-critical paths instead, then the total float on the non-critical path needs to be calculated in order to ascertain critical path drag of an activity i.e. the total amount of time that is added in the overall activity. Then, all these floats need to be added to the critical path method to ascertain the Project’s duration.

If I were dispatching delivery trucks in a small geographic area, I would use the minimum cost network flow model because the idea would be to reach to the customers by minimizing the cost of carrying by routing the goods in a manner that it facilitates the incurring of the cheapest cost in the route


Related Solutions

Explain how the critical path of a network is identified? What are critical path activities and...
Explain how the critical path of a network is identified? What are critical path activities and why are they important?
What is the critical path of the network?
What is the critical path of the network?
about critical path of a project network is that, A. the critical path is the shortest...
about critical path of a project network is that, A. the critical path is the shortest of all paths through the network B. the critical path is the set of activities that has no slack time C. the critical path is that set of activities that has no positive slack time D. some networks may not have any critical path
Critical Path Network: a. Develop the critical path network. b. Show ES, EF, LS, LF, on the network. c. What are the critical path activities?
Critical Path Network:  a. Develop the critical path network. b. Show ES, EF, LS, LF, on the network. c. What are the critical path activities? d. What are the slack time of the activities? e. What is the completion time of the project? f. What are the expected times of the activities? g. What is the project variance? h. What is its standard deviation?
Which network path is the critical path of this project?
Which network path is the critical path of this project?
What is the critical path?What is the EF for the project to obtain financing?What...
What is the critical path?What is the EF for the project to obtain financing?What is the ES for the Legal work?What is the total duration of the entire project?What is the LF for creating the financing plan?What is the LS for Detailed Engineering (2/2)?What is the Float for the accounting activity?What is the EF for commissioning and transfer?What is the LF for commissioning and transfer?What is the ES for the Finish Construction activity?What is the EF for the Detailed Engineering...
In 2015, a delivery company purchased a fleet of local delivery trucks for $175,000. These are...
In 2015, a delivery company purchased a fleet of local delivery trucks for $175,000. These are 5 year assets. This company pays federal tax at a rate of 23% per year. (a) Develop a MACRS depreciation table for this asset, and compute the post-tax income of this company using their gross sales income given below. (b) Is this a good investment if MARR = 25% per year? (c) The company sold the trucks in September 2020 for $18,000. What are...
Build the network and determine the critical path.
Build the network and determine the critical path.
Given the data in the spreadsheet below, what is the probability of completing the critical path...
Given the data in the spreadsheet below, what is the probability of completing the critical path of the project in 34 or more time units? Activity Preceded By Optimistic Time Most Likely Time Pessimistic Time A None 12.89 15.25 18.21 B None 14.17 15.61 18.13 C A and B 12.33 14.2 17.98 D A and B 14.84 17.64 20.53
How can you define critical path in Primavera P6? Provide a short paragraph of description. What...
How can you define critical path in Primavera P6? Provide a short paragraph of description. What is the Leveling tab in Primavera P6 used for? Describe how itworks using the Botanical Garden example. how to add/ delete columns on the activities page? what is Gantt chat? where can you view it in Primavera P6 ? write your on word
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT