Question
In: Operations Management
The following table provides data for a project. Use the data to answer the following questions...
The following table provides data for a project. Use the data to answer the following questions
|
Activity |
Immediate Predecessor |
Time Estimates (weeks) |
||||
|
Optimistic |
Most Likely |
Pessimistic |
Expected |
Variance |
||
|
A |
- |
6 |
7 |
14 |
||
|
B |
- |
8 |
10 |
12 |
||
|
C |
A |
2 |
3 |
4 |
||
|
D |
A |
6 |
7 |
8 |
||
|
E |
B,C |
5 |
5.5 |
9 |
||
|
F |
B,C |
5 |
7 |
9 |
||
|
G |
D,E |
4 |
6 |
8 |
||
|
H |
F |
2.5 |
3 |
3.5 |
||
- Draw a network to represent the above project.
- What is the critical path? What is the expected completion time? What is the variance of the project completion time? (Complete the expected task time and variance of time calculations.)
- The project manager realizes that it is best to take at least 20 weeks to complete the project. However, she also thinks that delaying the project past 26 weeks will result in considerable loss for the company. What is the probability that it will take between 20 and 26 weeks to complete the project?
- For the next two parts, assume that the expected times you calculated are the deterministic single point estimates of time. Because of work in other projects, the manager realizes that is very likely that activity B will take 5 more weeks than initially determined. What is the new completion time for the project, given this information?
- The manager wants to reduce the project time by two weeks. How can this be achieved? What are the implications? (Answer this question conceptually.)
Solutions
keosha answered 7 months agoRelated Solutions
The following table provides data for a project. Use the data to answer the following questions...
The following table provides data for a project. Use the
data to answer the following questions
Activity
Immediate
Predecessor
Time Estimates (weeks)
Optimistic
Most Likely
Pessimistic
Expected
Variance
A
-
6
7
14
B
-
8
10
12
C
A
2
3
4
D
A
6
7
8
E
B,C
5
5.5
9
F
B,C
5
7
9
G
D,E
4
6
8
H
F
2.5
3
3.5
Draw a network to represent the above project.
What is the critical...
The following table provides data for a project. Use the data to answer the following questions...
The following table provides data for a project. Use the
data to answer the following questions
Activity
Immediate
Predecessor
Time Estimates (weeks)
Optimistic
Most Likely
Pessimistic
Expected
Variance
A
-
6
7
14
B
-
8
10
12
C
A
2
3
4
D
A
6
7
8
E
B,C
5
5.5
9
F
B,C
5
7
9
G
D,E
4
6
8
H
F
2.5
3
3.5
Draw a network to represent the above project.
What is the critical...
Use the data given in the table to answer the following questions. The data represents the...
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verses the number of sales made each month.
Miles, x
24
32
75
41
76
107
32
46
112
Sales, y
76
58
190
112
141
235
24
147
188
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Experiment
[CH3COCH3] (M)
[Br2] (M)
[H+] (M)
Rate (M s-1)
1
0.3
0.05
0.05
0.000057
2
0.3
0.10
0.05
0.000057
3
0.3
0.05
0.10
0.000120
4
0.4
0.05
0.20
0.000310
5
0.4
0.05
0.05
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2.5
6.1
3.8
4.9
3.1
5.9
2.1
6.8
What is the linear regression equation for the data?
Y = 8.88 – 1.03x
Y = 5.22 – 1.92x
Y = 6.85 + 1.03x
Y = 3.72 + 2.46x
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Use the following data to answer the questions below:
Use the following data to answer the
questions below: Q
VC
MC
AVC
1
$10
___
___
2
16
___
___
3
20
___
___
4
25
___
___
5
31
___
___
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Answer the following questions using the data given in the table. Use the T-Test Paired Two...
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Home
Appraiser 1
Appraiser 2
A
$235,000
$228,000
B
$210,000
$205,000
C
$231,000
$219,000
D
$242,000
$240,000
E
$205,000
$198,000
F
$230,000
$223,000
G
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$227,000
H
$210,000
$215,000
I
$225,000
$222,000
J
$249,000
$245,000
K
$199,000
$201,000
1
What is the value for the test...
The following table provides the crash data for the project network . the normal activity times...
The following table provides the crash data for the project
network . the normal activity times are considered to be
deterministic and not probabilistic .
Activity time(week)
Activity Cost($)
Activity
Normal
Crash
Normal
Crash
a
9
7
$4,800
$6,300
b
11
9
$9,100
$15,500
c
7
5
$3,000
$4,000
d
10
8
$3,600
$5,000
e
1
1
$0
$0
f
5
3
$1,500
$2,000
g
6
5
$1,800
$2,000
h
3
3
$0
$0
i
1
1
$0
$0
j...
The following questions use the table below on soybean oil. Answer the following questions about an...
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Now
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1) Is the individual concerned about price
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