MANAGEMENT LCPO
9th Edition
ISBN: 9781264345151
Author: KINICKI
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 5, Problem 6UTC
Summary Introduction
To determine:
What is plan, how many kinds of plans are available and what is the importance of each type
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Question four
A new project is to be completed. The following activities need to be completed in the order shown, where
times are in weeks.
A new project is to be completed. The following activities need to be completed in the order shown, where
times are in weeks.
Activity
Optimistic Most Most
Immediate
predecessors time
Variance
likely pessimistic
time time
AB
A
2
3
4
0.11111
2
4
6
0.44444
C
A,B
1
2
3
0.11111
D
B
1
3
5
0.44444
E
A
2
3
4
0.11111
F
C
1
4
7
1
G
E,F
2
2
2
0
H
D,F
2
5
8
1
I
G,H
1
3
5
0.44444
J
I
2
3
4
0.11111
You must use two decimal places at all times for expected times when they are not integer (you are
not permitted to round off to integers).
(a)
Draw the activity network for this problem
(b)
Determine the Expected Times.
Determine the activity schedule (ES, EF, LS, and LF) as well as slack.
Determine and state the critical path for this project.
What are the expected time and the variance of the project?
(f)
What is the probability that the project is completed in 22…
In many developing countries, the majority of citizens make their living through microenterprises—informal, tiny businesses that barely yield enough to survive. Without financial services, most of these entrepreneurs find growth simply impossible. Professor Muhammad Yunus and the Grameen Bank, established in Bangladesh in 1976, stepped into the gap by providing micro-loans ($50 to $500) to the poorest of the poor entrepreneurs, through village cooperatives that are administered by the people they serve. The Grameen Bank has been amazingly successful at breaking the vicious cycle of poverty for its clients. In 2006, Prof. Muhammad Yunus and Grameen Bank received the Nobel Peace Prize, which sent a message to the world that we cannot have peace if billions live in abject poverty. The Prize Committee credited Prof. Yunus and Grameen Bank for showing “that even the poorest of the poor can work to bring about their own development.”
Check out the Grameen Bank story on the Web at…
What are some challenges associated with e-business?
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- creating a larger market for Nestle's diverse product portfolio. With a growing middle class In countries Ike China, India, and Brazil, Neste has the potential to capture more market share by Introducing products tailored to local tastes and preferences, while also introducing premium products for the expanding affluent demographic. 2. Leveraging E-Commerce and Direct-to-Consumer Bales Models E-commerce is transforming how consumers shop, and Nestle can beneft: from this shift by strengthening Its direct-to-consumer channels. This model allows the company to bypass traditional retail channels, Improving margins and gaining better control over Its brand experience. Through e-commerce platforms, Nestle can directly engage with consumers, understand their preferences, and offer personalized marketing. Additionally, the growth of online grocery shopping further supports this model, providing access to new customer segments in both urban and remote areas. 3. Increasing Demand for Health and…arrow_forwarddo fastarrow_forwardPlease compute the Quantitative Strategic Planning Matrix (QSPM). And give explanation from the answers thanks please answer asaparrow_forward
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