The Farmer's American Bank of Leesburg is planning to install a new computerized accounts system.Bank management has determined the activities required to complete the project, the precedencerelationships of the activities, and activity time estimates, as shown in the following table. Use POM-QM to analyze this project. According to the result of POM-QM, the expected project completiontime is (type number only, no text)ActivityabCdCf8kActivity DescriptionPosition recruitingSystem developmentSystem trainingEquipment trainingManual system testPreliminary system changeoverComputer-personnel interfaceEquipment modificationEquipment testingSystem debugging and installationEquipment changeoverActivityPredecessoraab, cb, cd, ed, ehf.ga5345I13Time Estimates(weeks)1125m81278I462.51.28b17151023113971211 According to the result of POM-QM (Farmer's American Bank problem), the standard deviation ofproject completion time is (type number only, two decimals)

Activity expected time = (a+4m+b)/6Activity variance = (b-a)2/36Excel Calculation:

Answered: The Farmer's American Bank of Leesburg…

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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The table below contains information about an environmental clean-up project in the township of Hiles. Shorten the project threethree weeks by finding the minimum-cost schedule. Assume that project indirect costs and penalty costs are negligible. Identify activities to crash while minimizing the additional crash costs. Activity Normal Time (weekweeks) Crash Time (weekweeks) Cost to Crash ($ per weekweek) Immediate Predecessor(s) A 55 44 300300 None B 77 44 5050 None C 77 66 300300 A D 77 66 250250 A E 11 11 long dash— B F 33 33 long dash— C, D G 55 44 200200 D, E H 44 22 200200 F I 22 22 long dash— G Part 2 Fill in the table below with the activity times after crashing to show the resulting schedule. (Enter your responses as…
Roger Ginde is developing a program in supplychain management certification for managers. Ginde haslisted a number of activities that must be completed beforea training program of this nature could be conducted. Theactivities, immediate predecessors, and times appear in theaccompanying table: a) Develop an AON network for this problem.b) What is the critical path?c) What is the total project completion time?d) What is the slack time for each individual activity?
A group of developers is building a new shopping center. A consultant for the developers has constructed the following project network and assigned activity times, in weeks. Determine the earliest and latest activity times, activity slack, critical path, and duration for the project.
The manager of the Oak Hills Swimming Club is planning the club’s swimming team program. The first team practice is scheduled for May 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are as follows: Activity Optimistic Most Probable Pessimistic Immediate Predecessors A 1 2 3 - B 4 6 8 A C 2 4 6 A D 1 2 3 B, C E 2 3 4 B F 1 2 3 A G 1 2 3 D H 1 2 3 G I 1 1 1 E, H, F a. Draw a project network for this problem. b. Fill in all the blanks in the following table. c. What is the expected time and variance to complete the project? Note: For variance (σ2) in activity time, keep two decimal places. Activity Expected Time t (weeks) Variance σ2 ES EF LS LF Slack Critical Path? A B C…
1b) Given the limited resources as indicated in the table above: Evaluate the officer’s chance to catch the robbers, if she arrives between minutes 47.5 and 49.5 after the robbery begins. [Calculate the probability for the critical path only]
QUESTION 16 Refer to the project addressed in questions 21-30 of your Quiz 1 and associated worked solutions used in our review session. The following table of probabilistic time estimates (in weeks) and activity predecessors are provided for the project. Activity A B D E Table 1 Reference: Ref 1 optimistic most likely time time 3 4 2 6 5 5 8 3 9 9 pessimistic time 7 10 5 12 15 Activity Predecessor A A B, C D Using Table 1, which of the following statements are correct? O A. The latest finish time of activity B is the same as its earliest finish time O B. Activity A is critical because it is the starting activity in the project O C. Activity D must be critical because it is the only predecessor of activity E O D. Answers A and B are correct O E. Answers A and C are correct
Development of Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. The activities necessary for the completion of this project are listed in the following table: Normal Crash Activity Time (weeks) Time (weeks) A B 3 1 3 4 3 2 2 a) Based on the given information regarding the activities for the project, the project length с D E F G 2 8 6 Normal Cost $2,100 $2,300 $500 $2,400 $900 $3,400 $1,600 weeks Total Cost with Crashing Immediate Predecessor(s) $2,700 $3,000 $500 $2,700 $1,350 $4,900 $2,200 С D, E
← Consider the following crash data for a project. Times are given in weeks. ACTIVITY A B C D E F How many week(s) of crashing are available for activity E in the table above? Activity E has sweeks of crashing available. What will be the cost of activity E if it is completed in 3 weeks? The cost will be $ NORMAL TIME 4 7 8 3 7 6 CRASH TIME 4 5 3 1 1 3 NORMAL COST ($) 1,400 5,000 5,700 2,400 1,100 2,800 CRASH COST ($) 1,400 6,200 8,700 3,800 5,900 5,200 (s) po Time
Dave Fletcher was able to determine the activity times for constructing his laser scanning machine Fletcher would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity times: Time Activity (weeks) A 6 B 8 с 2 D 1 Immediate Time Predecessor(s) Activity (weeks) E 3 F 7 A A Dave's earliest start (ES) and earliest finish (EF) are: G H 9 8 Immediate Predecessor(s) B B C, E D.F

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