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Question 1:
Explain the Scoring Method for project selection
a) Un-weighted 0-1 factor method and Weighted factor scoring method
b) Show the algorithm for solving the shortest-route problem
Step 1 - Prepare a master list Step 2 - Mark the source Step 3 - If the newly marked node is the sink, go to Step 5. If not, go to Step 4.Step 4 - Suppose all marked nodes having un-circled branches Step 5 - Z* is the value assigned to the sink. A minimum-cost path is obtained recursively,
Question 2:
Describe the rules for network construction. Show PERT method of project planning
Rules for the construction of a network -1. Each activity is shown by one arrow2. Each activity must be identified by its starting and end node 3. Nodes are numbered.4. Between any pair of nodes, there should be one and only one activity; 5. Arrows should be kept straight 6. Rules for the logical sequence (or inter-relationship) between activities PERT
• Explanation• Steps in the PERT Planning Process• Benefits of PERT• Limitations of PERT
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Problem Define Product mix. Explain the factors determine the decisions of the Product mix. Factors: Expansion of Product mix Contraction of Product mix Alteration
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