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Draw the project network ii. Compute the expected time and variance for each activity Compute slack for each event and find the critical path i. iii.

Draw the project network ii. Compute the expected time and variance for each activity Compute slack for each event and find the critical path i. iii.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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QUESTION FIVE (a) Consider a project for which the following activities and time estimates in weeks apply: Activity Activity to to Im tp 1-2 3-4 1 6. 1-3 3. 3-5 4 6. 1-5 4. 4-5 1 4 2-3 1 2. 5-6 2 2-6 8. 9. Draw the project network ii. Compute the expected time and variance for each activity Compute slack for each event and find the critical path iv. Find the length of the critical path and the project duration i. ii. Approximate the probability that activity 3 – 4 will have positive slack. What is the managerial implication of that probability V. 3. en 2. 2.
Transcribed Image Text:QUESTION FIVE (a) Consider a project for which the following activities and time estimates in weeks apply: Activity Activity to to Im tp 1-2 3-4 1 6. 1-3 3. 3-5 4 6. 1-5 4. 4-5 1 4 2-3 1 2. 5-6 2 2-6 8. 9. Draw the project network ii. Compute the expected time and variance for each activity Compute slack for each event and find the critical path iv. Find the length of the critical path and the project duration i. ii. Approximate the probability that activity 3 – 4 will have positive slack. What is the managerial implication of that probability V. 3. en 2. 2.
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