Four automobiles have entered Bubba’s Repair Shop for various types of work, ranging from a transmis- sion overhaul to a brake job. The experience level of the mechanics is quite varied, and Bubba would like to minimize the time required to complete all of the jobs. He has estimated the time in minutes for each mechanic to complete each job. Billy can complete job 1 in 400 minutes, job 2 in 90 minutes, job 3 in 60 minutes, and job 4 in 120 minutes. Taylor will finish job 1 in 650 minutes, job 2 in 120 minutes, job 3 in 90 minutes, and job 4 in 180 minutes. Mark will finish job 1 in 480 minutes, job 2 in 120 minutes, job 3 in 80 minutes, and job 4 in 180 minutes. John will complete job 1 in 500 minutes, job 2 in 110 minutes, job 3 in 90 minutes, and job 4 in 150 minutes. Each mechanic should be assigned to just one of these jobs. What is the minimum total time required to finish the four jobs? Who should be assigned to each job?
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.
Four automobiles have entered Bubba’s Repair Shop
for various types of work, ranging from a transmis-
sion overhaul to a brake job. The experience level of
the mechanics is quite varied, and Bubba would like
to minimize the time required to complete all of the
jobs. He has estimated the time in minutes for each
mechanic to complete each job. Billy can complete
job 1 in 400 minutes, job 2 in 90 minutes, job 3 in
60 minutes, and job 4 in 120 minutes. Taylor will
finish job 1 in 650 minutes, job 2 in 120 minutes, job
3 in 90 minutes, and job 4 in 180 minutes. Mark will
finish job 1 in 480 minutes, job 2 in 120 minutes, job
3 in 80 minutes, and job 4 in 180 minutes. John will
complete job 1 in 500 minutes, job 2 in 110 minutes,
job 3 in 90 minutes, and job 4 in 150 minutes. Each
mechanic should be assigned to just one of these jobs.
What is the minimum total time required to finish the
four jobs? Who should be assigned to each job?
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