Questionaire on project management
Course:- Project Management
Reference No.:- EM13370

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Two project managers have a conflict, where PM1 can choose from four options (R, S, T, Q) and PM2 can choose from three options (A, B, C). The gains of PM1 out of this conflict are the losses of PM2. Given the following gains for PM1, what should the two rationally decide? (R,A)=5, (R,B)=2, (R,C)=3; (S,A)=2, (S,B)=1, (S,C)=4; (T,A)=4, (T,B)=3, (T,C)=6, (Q,A)=4, (Q,B)=3, (Q,C)=2. 

A coffee maker produces coffee bags, where each bag should weigh 4 grams. The operations manager takes a sample of 8 bags (A, B, ..., H) and records the sample averages and the sample ranges in grams for each sample: A(4.00/0.41), B(4.16/0.55), C(3.99/0.44), D(4.00/0.48), E(4.17/0.56), F(3.93/0.62), G(3.98/0.54), H(4.01/0.44). Assuming 3 sigma limits (corresponding to 99.73%). What is, for a Mean chart, the UCL and the LCL?

All Invest, Inc. has three new employees (A, B, C) plus one computer system (IT) who each can do work in one of the four branches (B1, B2, B3, B4). The relocation costs (in $100) to the four branches for the four workers are given in the table below. What is the optimal assignment of workers to branches if the costs must be minimized and what are the total costs?


What is the Nash equilibrium in a two-person conflict situation?

a. The point where one actor can improve his situation, while the other can only deteriorate his

b. The point where both actors can only improve the opponent's situation but not their own

c. none of the others

d. The point where both actors can improve only their own situation at the cost of the opponent

e. The point where both actors are in a win-win situatio

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