Explain management science models in detail, Management Theories

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Problem

a. Explain Management Science models in detail.

b. Estimation the completion time of each activity whose optimistic time estimate is 5 seconds and the pessimistic time estimate are 20 seconds. The utmost likely time estimation is 9 seconds.

Things to do

a. Explanation

b. Formula te = to +tn+tp
                     -------------
                           6
The time of completion of each activity is equal to 10.1667


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