Air pump Entrance and exit Gas pumps Cashier's booth Grass Entrance Road and exit (a) Air Cashier's booth pump Exit Grass only Grass Gas pumps Entrance only Exit Entrance Road only only (b) A FIGURE 2.19 Two Self-Service Gasoline Stations Road Road OO 00 OO OO OO O0
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Diagrams of two self-service gasoline stations, both located
on corners, are shown in Figure 2.19(a) and (b). Both have
two rows of four pumps and a booth at which an attendant
receives payment for the gasoline. At neither station is it
necessary for the customer to pay in advance. The exits and
entrances are marked on the diagrams. Analyze the flows of
cars and people through each station.
a. Which station has the more efficient flows from the standpoint of the customer?
b. Which station is likely to lose more potential customers
who cannot gain access to the pumps because another car
is headed in the other direction?
c. At which station can a customer pay without getting out of
the car?
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