Management Information Systems: Managing The Digital Firm (16th Edition)
Management Information Systems: Managing The Digital Firm (16th Edition)
16th Edition
ISBN: 9780135191798
Author: Kenneth C. Laudon, Jane P. Laudon
Publisher: PEARSON
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Chapter 14, Problem 1RQ

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Information system problems

  • The main information system problem is that companies may not realize any benefit from their information system investment when an information system fails to work properly or costs too much to develop...

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Project management

  • Project management refers to the application of knowledge, skills, tools, and techniques to achieve specific targets within specified budget and time constraints.
  • The primary challenge of project management is to achieve all project goals within the given constraints.
  • Project management activities include planning the work, assessing the risk, estimating and acquiring resources required to accomplish the work, organizing the work, directing execution, and analyzing the results.

Project management activities

  • The project management deals with five major activities...

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Southern Airline has 15 daily flights from Miami to New York.  Each flight requires two pilots.  Flights that do not have two pilots are canceled (passengers are transferred to other airlines).  The average profit per flight is $6000.  Because pilots get sick from time to time, the airline is considering a policy of keeping four *reserve pilots on standby to replace sick pilots.  Such pilots would introduce an additional cost of $1800 per reserve pilot (whether they fly or not). The pilots on each flight are distinct and the likelihood of any pilot getting sick is independent of the likelihood of any other pilot getting sick.  Southern believes that the probability of any given pilot getting sick is 0.15.  A) Run a simulation of this situation with at least 1000 iterations and report the following for the present policy (no reserve pilots) and the proposed policy (four reserve pilots): The average daily utilization of the aircraft (percentage of total flights that fly) The…
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