What is the probability that the project will be completed

Assignment Help Operation Management
Reference no: EM13918824

Suppose that the following estimates of activity times (in weeks) were provided for the network shown in Problem 6:

Activity

A

Optimistic

4.0

Most Probable

5.0

Pessimistic

6.0

B

2.5

3.0

3.5

C

6.0

7.0

8.0

D

5.0

5.5

9.0

E

5.0

7.0

9.0

F

2.0

3.0

4.0

G

8.0

10.0

12.0

H

6.0

7.0

14.0

What is the probability that the project will be completed

a. Within 21 weeks?

b. Within 22 weeks?

c. Within 25 weeks?

Text Book: An Introduction to Management Science: Quantitative Approaches to Decision. By David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran.

Reference no: EM13918824

Questions Cloud

Periodic method for inventory : You are provided with the following information for Najera Inc. for the month ended June 30, 2015. Najera uses the periodic method for inventory.
Precisiontree and the prescott furniture company : Using Palisades PrecisionTree software create a tree that graphically shows the various options open to customers of the Prescott Furniture Company . You must import your PrecisionTree into a Word document that contains the NSU/SBE front page
Call options and the underlying stock to create a portfolio : A stock price is $103 per share, exercise price of the options is $100 per share, all options are European and the stock does not pay any dividend. Use the put and call options and the underlying stock to create a portfolio which will let you borrow ..
What average price did walgreen pay for treasury shares : On its 2013 balance sheet, Walgreen Co, reports treasury stock at cost of $3,114 million. The company has a total of 1,028,180,150 shares issued and 946,595,578 shares outstanding. What average price did Walgreen pay for treasury shares?
What is the probability that the project will be completed : Suppose that the following estimates of activity times (in weeks) were provided for the network shown in Problem 6: What is the probability that the project will be completed Within 21 weeks? Within 22 weeks? Within 25 weeks?
What is the amount of interest included in the first payment : Supposed there is no grace period and you decide to make 12 monthly payments of $184 per month on her $2,000 TV. Under rule of 78s, What is the amount of interest included in the first payment?
Find yield to maturity : A Bond Valuation Bond YTM Input area: Settlement date 10/30/15 Maturity date 10/30/24 Annual coupon rate 9% Coupons per year 2 Face value 1,000 Bond price (% of par) 88.450. Find Yield to maturity
Use a horizontal statements model to show how each : Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows.
Determine the wacc for a given firm : The purpose of this project is for you to have some practice working with financial concepts in the real world. This will involve integrating some material from throughout the course. The project will also involve the development of your own app..

Reviews

Write a Review

Operation Management Questions & Answers

  Risk analysis is a critical component of risk management

Risk analysis is a critical component of risk management. When conducting this activity, what are the two components of risk that must be analyzed? Why are they important?

  Internal consistency at customer first

"Internal Consistency at Customer First" Please respond to the following: Determine how job analysis and job evaluation could be used at Customers First to develop an internally consistent compensation system. Determine whether or not you agree with ..

  Explain the five steps of the theory of constraints

Explain the five steps of the theory of constraints (TOC) process. To what processes might the company in the case study apply TOC? Why would applying TOC to these processes be advantageous

  Does good communication build trust in an organization

For a health care manager, it is important to develop good communication skills with employees, peers, and supervisors. Discuss the following in regard to this- Does good communication build trust in an organization

  Request information on cost justification and roi

Choose a major capital piece of equipment to be used in the radiology department of a hospital (e.g., CAT scan, MRI, nuclear medicine camera, etc.). Next, research and choose a vendor. Vendors such as GE, Siemens, or others can be located on the I..

  Explain the problem of sustainability in business decisions

In this discussion question, you will identify and explain the problem of sustainability in business decisions. To what extent do firms have a responsibility to avoid products made with unfair labor conditions? With unsustainable production methods?

  Focused strategies keyed either to low-cost

Focused strategies keyed either to low-cost or differentiation are especially appropriate for situations where, the market is composed of distinctly different buyer groups who have different needs or use the product in different ways.

  Concussion education app must designed for student athletes

Determine whether each of the following requirements is adequate. If it is not, state the reason(s) and rewrite the requirement so that it meets the characteristics of good requirements. The concussion education app must be designed for student athle..

  Standards of performance

What standards of performance did your professor establish? How was your actual performance measured? How was your performance compared to the standards?

  Identify and describe some of the near-term

Identify and describe some of the near-term and long-term results you anticipate in the airplane production industry.

  Xplain what is meant by term contingent workforce

Explain what is meant by term contingent workforce also discuss pros also cons for both employer also employee.

  Determine the optimal quantities of decision variables

A wood products firm uses available time at the end of each week to make goods for stock. Currently, two products on the list of items are produced for stock: a chopping board and a knife holder.

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