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Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 9. a) What is the probability that the project will be completed in 17 months? b) What is the probability that the project will be completed in 20 months? c) What is the probability that the project will be completed in 23 months? d) What is the probability that the project will be completed in 25 months? e) What is the due date that yields a 95% chance of completion?
The purpose of this case study is to apply a number of the key concepts covered in the course textbook to a notional business case. Consider yourself the supply chain manager
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Garden Variety Flower Shop uses 670 clay pots a month. The pots are purchased at $2.40 each. Annual carrying costs per pot are estimated to be 10 percent of cost, and ordering
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