Compare with the results obtained using normal distribution

Assignment Help Operation Management
Reference no: EM131719736

A simulation model was developed in Section 9.7 to illustrate the problem with assuming activity times were known with certainty. However, in the simulation analy- sis, the activity times were assumed to be normally distributed. Do you have any concerns with assuming that the activity times were normally distributed? Redo the simulation analysis using a BetaPERT distribution with parameters of 7, 10, and 15 for the optimistic, most likely, and pessimistic times estimates. How do the results compare with the results obtained using a normal distribution?

Reference no: EM131719736

Questions Cloud

Develop the legal case : Each Legal Case Outline andLegal CaseResearch Paper must contain at least five references used to develop the Case.
Do some web research and find new or emerging technology : Do some web research and find a new or emerging technology that you believe will improve patient outcomes and/or improve the delivery of health care.
Why people might seem attracted to pseudoscience-type claims : Examine some key reasons why people might seem attracted to pseudoscience-type claims. Describe at least two such claims that you have heard people make.
What are the three major business activities : What are the three major business activities in which accountants play a major role? Give an example of each.
Compare with the results obtained using normal distribution : How do the results compare with the results obtained using a normal distribution?
How does the average of the random sample compare : Compute the areas of these five sampled rectangles, and find the average. How does the average of the random sample compare with your guess in step 1a?
Problems of appraising the expatriate performance : How would you avoid some of the unique problems of appraising the expatriate’s performance?
What about the illegal taping : What about the illegal taping? Would you consider the action taken by the paralegal in making a secret recording of the conversation to be unethical?
Implement information security within organization : Prepare a paper on implement Information Security within organization - Business Continuity Planning and Continuity during a Technological Change or Attack

Reviews

Write a Review

Operation Management Questions & Answers

  Identify two ways that healthcare organizations perform

Identify two ways that healthcare organizations perform marketing related data capture that do not violate any regulatory stipulations. Analyze and discuss how these might change in the future and why.

  Attribute the behavior of others to personality factors

Most computer software carries a warning against copying, yet many people feel the warning is unreasonable. They believe that if they buy a program, it is theirs to do with as they wish, and that includes giving or selling a copy to someone else. Are..

  Managing the multicultural workforce-managing globalization

Why are the themes of managing teams, managing the multicultural workforce, managing globalization, managing ethics and CSR, and managing with metrics so important today? Which of these challenges is likely to increase in importance in the next decad..

  Decision making and understanding the purchasing power

Decision making and understanding the purchasing power of the end consumer is the ultimate goal in marketing. How can marketers use consumer information for better target marketing and why is it important to understand consumer demographics?

  Social issue as much as a biological issue

Why is health a social issue as much as a biological issue? Name three ways in which health and medicine are linked to social inequality?

  About ethics and social responsibility

You have read about ethics and social responsibility, and perhaps watched this week’s video selection. Consider what you have learned, and apply it to your own business area. In this week’s class discussion, you will describe ethical situations in a ..

  About firm financial performance

What questions do financial ratios help answer about a firm’s financial performance? What ratios might be of more interest to certain stakeholders and why?

  Interested in marketing is energy efficient blender

The product I would be interested in marketing is an energy efficient blender.

  What degree do we still see the smokestack economy

The Industrial Revolution changed the way we work. The introduction of new technologies and new approaches to production drove the expansion of an urban working class that was wage-dependent. To what degree do we still see the "smokestack economy" ar..

  Regarding the research conducted on the managerial grid

Which of the following statements is most accurate regarding the research conducted on the managerial grid?

  Expected to drive before both options break even

The regular car can drive an average of 27 miles per gallon while the electrical car can drive 100 miles per charge. Assuming that gasoline prices remain on average at $3/gallon, while charging the electrical car costs on average $5/charge. Assuming ..

  Security controls are the mechanisms

Security controls are the (main) mechanisms/means used to reduce risk consequence and risk likelihood:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd