Two law students, John and Marsha, are planning an all-nighter to prepare for theirlaw boards the following day. Between them they have one set of materials in thefollowing five subjects: contracts, torts, civil law, corporate law, and patents.Based on their previous experience, they estimate that they will need the following amount of time (in hours) with each set of materials:Contracts Torts Civil Corporate PatentsJohn 1.2 2.2 0.7 0.5 1.5Marsha 1.8 0.8 3.1 1.1 2.3They agree that Marsha will get the opportunity to see each set of notes beforeJohn. Assume that they start their studying at 8:00 P.M. Determine the exact timesthat each will begin and end studying each subject in order to minimize the totaltime required for both to complete studying all five subjects
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.
Two law students, John and Marsha, are planning an all-nighter to prepare for their
law boards the following day. Between them they have one set of materials in the
following five subjects: contracts, torts, civil law, corporate law, and patents.
Based on their previous experience, they estimate that they will need the following amount of time (in hours) with each set of materials:
Contracts Torts Civil Corporate Patents
John 1.2 2.2 0.7 0.5 1.5
Marsha 1.8 0.8 3.1 1.1 2.3
They agree that Marsha will get the opportunity to see each set of notes before
John. Assume that they start their studying at 8:00 P.M. Determine the exact times
that each will begin and end studying each subject in order to minimize the total
time required for both to complete studying all five subjects
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