Calculate the schedule durations for a 68.26%, 95.44% and 99.73% confidence level? Optimistic = 59 days Most likely = 63 days Pessimistic = 75 days
Q: Suppose that a product with an annual demand of 2400 units, a setup cost per production run of $8,…
A: Kindly note that for plan 3, ordering units should be 1200 and not 120, The reason that should be…
Q: Assume that Product Z is made of two units of A and three units of B. A is made of three units of C…
A: Product Z is made of 2 units of A and 3 units of B. As given in the question, we have to find the…
Q: The Milton Lumber Company sells boards of various lengths (3-foot, 8-foot, and 10-foot wood boards).…
A: Integer programming is a mathematical optimization technique that deals with optimization problems…
Q: Drawing blood was Kara’s favorite skill she learned in clinical medical assistant school. She is…
A: 1. Amass essential supplies: Kara needs to make sure she has everything she needs for the phlebotomy…
Q: The number of monthly customer complaints are monitored in a large hotel using a c-chart. Develop…
A: The c-bar control chart, also known as the count control chart, is a statistical tool used in…
Q: By designing the project's map both with and without the project's key design, one may have a deeper…
A: Designing a project map both with and without the key design can indeed provide a deeper…
Q: Esplanade Marine Parts Inc. wants to produce parts in batches of 60 parts. Each part must be…
A: Batch Processing:Batch processing refers to the execution of a series of tasks or jobs as a group,…
Q: Provide a list of the numerous subfields of security, a description of what they accomplish, and an…
A: Security is the practice that is adopted by business organizations to protect themselves from any…
Q: Why is it so important to occasionally deviate from the procedure?
A: Process control refers to the techniques and methods used to monitor and regulate industrial…
Q: Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver,…
A: Based on the given data, Total profit = 35S1 + 40D1 + 25S2 + 35D2 + 45B2We have to maximize this…
Q: Porter generic strategy about new carbon fiber 3D printing bicycle company (New Move) with Research…
A: Porter's generic strategies, developed by Michael Porter, are a framework that helps businesses gain…
Q: How is the planning at JYSK? Planning: Consists of the processes necessary to strategically operate…
A: JYSK is a Danish retail chain specializing in household goods and furniture.
Q: In terms of functionality and aesthetics, what do you want from your preferred online retailer?
A: When it comes to choosing our preferred online retailer, we often have specific expectations in…
Q: Building a map of the project both with and without the core structure may help with comprehension.…
A: Building a map of a project, including both the core structure and alternative scenarios, can…
Q: Read the passage below and answer ALL questions in this section. You have recently been placed as a…
A: As per the given case, Zamba Ya Afrika Holdings operates as a conglomerate that mainly provides…
Q: Please do not give solution in image formate thanku. Demand for Bluetooth headphones at Gator…
A: Demand= 5000 unitsHolding Cost = 25 %Fixed Cost = $500
Q: Employees often have negative views on the policy of hiring outsiders rather than promoting from…
A: Yes, giving preference to existing employees for higher roles should be practiced for the interest…
Q: Discuss the competitor’s services for each of the following competitor business below that is…
A: A competitor business refers to an organization or company that operates in the same industry or…
Q: Hello can you help me with one of my work please? Can you discuss the process and design in a…
A: Supply chain management is a critical aspect of operations management that involves the coordination…
Q: The activities described by the following table are given for the J.C. Howard Corporation in Kansas:…
A: Based on the activity durations and predecessor relationships given, we prepare a project network…
Q: The revenue cycle is a method of defining and maintaining the processes used for the completion of…
A: Management of risk is an important factor that is considered by the business manager for the smooth…
Q: Supply Chain strategy alignment is an important but sometimes overlooked activity. Do you agree with…
A: The supply chain is important for an organization because it helps in increasing the satisfaction…
Q: How aPublic school can increase revenue and reduce expenses during the next school year, Give three…
A: Operations management in the context of a school refers to the planning, organizing, and controlling…
Q: Can you analyse the Transformation model within the apple company while considering these following…
A: As per the given question, we will look into Apple Inc.'s transformation model, focusing on…
Q: What s
A: Service chains, such as restaurants, hotels, or retail stores, often face the challenge of…
Q: Why is it so important to occasionally deviate from the procedure?
A: In the field of the operations management, procedures and the processes play crucial role in…
Q: Learning the project's road plan is essential. in terms of the product's impact.
A: In today's fast-paced and competitive business landscape, understanding the roadmap of a project is…
Q: 7. Suppose you're a perfume retailer who sells 1000 bottles of perfume every week. Your vendor takes…
A: The reorder point is a concept used in inventory management to determine when to reorder a…
Q: 1) For the problem data set below, what is the northwest corner allocation to the cell Source…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: The annual demand of Maize Meal = 750 units (bigger size), Delivered purchase cost = R35/units,…
A: Annual demand (D) = 750Ordering cost (S) = 50Carrying cost (H) = 25% of 35 Lead time (L) = 10Working…
Q: What are FMEA and DFD levelling in process modelling?
A: Process modeling is a technique used to visually represent and analyze the steps, activities, and…
Q: Total Quality Management (TQM) is the continual process of detecting and reducing or eliminating…
A: TQM stands for Total Quality Management. It is an approach to management that focuses on…
Q: 3. Bolufsen Resort has 40,000 rooms available each year. Operational figures for the years between…
A: Operational data is the information that is generated as well as collected during the daily…
Q: Exist examples of dynamic programming being utilized in the "real world"?
A: Below are the conceptual definitions, the question is based on:By dividing difficulties into smaller…
Q: As a supply chain management student, you have completed key aspects of the discipline throughout…
A: Warehouse management is a critical component of supply chain management. It is responsible for the…
Q: Peter is considering operating a local business in the textile, clothing and footwear sector. Peter…
A: FabricWear is a sustainable textile, apparel, and footwear firm with big plans for the future.…
Q: In an unbalanced transportation problem where total supply exceeds total demand, the supply…
A: Generally speaking, there will frequently be ">=" (more than or equal to) inequality in the…
Q: A company is able to track the quantity of each item by using information technology in inventory…
A: Inventory management refers to the process of overseeing and controlling a company's inventory.
Q: What are examples of Revenue Recognition in Starbucks
A: Starbucks is one of the leading coffeehouse businesses around the globe which uses a variety of…
Q: Can you apply and analyse the 4v’s and the transformation model to the Apple organisation. Can you…
A: Apple Inc. is a global technology company known for its innovative products and services. In this…
Q: Considers the tasks, durations, and predecessor relationships in the following network. Draw the CPM…
A: Expected Time duration (te) = (a+4m+b)/6Variance = {(b-a) / 6}2Where,(a) = Optimistic time(m) = Most…
Q: Explain the idea of project scale and how it affects the three project management limits in a simple…
A: A project management life cycle is a process with different stages like initiating, planning,…
Q: John's printer works is involved in printing and binding works. The company has got orders from of…
A: Job (in order of arrival)Processing time (days)Due date (days)A34B57C46D25
Q: 32. With the held of examples, explain in detail the functioning of the Job Characteristics Model.…
A: The Job Characteristics Model (JCM) is a framework developed by Richard Hackman and Greg Oldham in…
Q: Please no written by hand solutions QUESTION 10 10. "Enter our competition and you could win your…
A: Mrs. Jacobs entered a competition at Mr Price and won a R500 voucher. She has several options for…
Q: Technology and software must be maintained while adopting an ERP system. Select and deploy…
A: Because the business landscape is evolving, we can observe that more organizations are using ERP…
Q: Key components of electronic payment systems that enable mobile and online commerce need to be…
A: Electronic payment systems have revolutionized the way we conduct transactions in today's digital…
Q: A real estate agent is considering changing her land line phone plan. There are three plans to…
A: A real estate agent has 3 plans to choose from - Plan A, B and C:
Q: xamine and explain in detail four measures that Caribbean countries can implement to minimize…
A: Caribbean countries are prone to earthquakes due to their geographical location, and these natural…
Q: Develop a EOQ solution and calculate total relevant costs for the gross requirements in the…
A: MRP stands for Material Requirements Planning. It is a computer-based inventory management system…
Calculate the
Optimistic = 59 days
Most likely = 63 days
Pessimistic = 75 days
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Topic: ProbabilityGoal: In your business planning, you will employ mathematics probability to increase your chances of success.You play the role of a tiny business owner who wants to expand into a much larger enterprise. You must write a written report and deliver it to the group on the most likely outcome(s) of the business you wish to start.The target audience is a group of small company owners who could be interested in partnering with you. Product: A written report on the business's likely results that will be given to the group. Success Criteria: The written report that will be provided must be... - Represents genuine business problems or patterns. - Persuasive, based on probability mathematics.There is no need to profile the target beneficiary when planning for a program or project True FalseThe following precedence diagram reflects three time estimates for each activity. Determine: Use Table B1 and Table B2. 9-10-12 3 8 5-7-10 8-10-14 11-12-13 6 11 14-18-26 10.5-13-15.5 10 8-8-8 1 5-6-7 2 4 13-13-13 7 7-10-12 a. The expected completion time for each path and its variance. (Round intermediate calculations to 4 decimal places and final answers to 2 decimal places.) Path Mean Var. Std. Dev. 1-2-3-8-11 37.33 1-2-4-6-11 43.00 5.11 1-2-4-7-11 0.81 1-2-5-9-10-11 46.83 1.25 9-9-9 10-11-12 10-12-14
- c. What is the expected project completion time? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Project completion time d. What is the probability of completing this project within 16 days? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Do not round intermediate calculations. Round "2" value to 2 decimal places and final answer to 4 decimal places.) Probability 10 00 days 09994true or false 6. Certainty-equivalence methods were found to yield greater risk seeking than probability-equivalence methods.Scenario You are the product line manager for a snow board manufacturing company based in Provo, Utah. As product line manager for the company’s Xtreme line, you are ultimately responsible for all aspects of production as well as the profitability of the line. You have direct authority over the production, marketing and sales of the company’s Xtreme line of snowboards. The first quarter sales figures are in and you see that sales are down and in several key markets you no longer hold the #1 position. You are concerned that when you attend the quarterly management meeting that this poor performance is going to be a topic of much discussion. Several months ago, you received information from an overseas manufacturer that can manufacture the bindings for the snow board at a fraction of your current cost to produce them in-house. This will lower the cost to produce the Xtreme line allowing the company to increase their margin, lower prices to customers or some combination of both.…
- Duration of activity A = Optimistic + 4 (Most Likely) + Pessimistic / 6 Duration of activity A = 5 + 4 (5) + 25 / 6 Duration of activity A = 8 Duration of activity B = Optimistic + 4 (Most Likely) + Pessimistic / 6 Duration of activity B = 3 + 4 (5) + 8 / 6 Duration of activity B = 5 Duration of activity C = Optimistic + 4 (Most Likely) + Pessimistic / 6 Duration of activity C = 7 + 4 (5) + 8 / 6 Duration of activity C = 6 Duration of activity D = Optimistic + 4 (Most Likely) + Pessimistic / 6 Duration of activity D = 4 + 4 (4) + 5 / 6 Duration of activity D = 4 Duration of activity E = Optimistic + 4 (Most Likely) + Pessimistic / 6 Duration of activity E = 10 + 4 (19) + 34 / 6 Duration of activity E = 20 Duration of activity F = Optimistic + 4 (Most Likely) + Pessimistic / 6 Duration of activity F = 3 + 4 (14) + 18 / 6 Duration of activity F = 13 Duration of activity G = Optimistic + 4 (Most Likely) + Pessimistic / 6 Duration of activity G = 6 + 4 (16) + 20 / 6 Duration of…You are the project manager for a railroad construction project. Your sponsor has asked you for a forecast for the cost of project completion. The project has a total budget of $80,000 and CPI of .95. The project has spent $25,000 of its budget so far. How much more money do you plan to spend on the project? A. $80000 B. $84,210 C. $59,210 D. $109,210What is Contingency Plans, Scenario planning, Participatory planning, Linear Programming, Scheduling, Gantt Chart, Decision-making. Explain
- Create a risk matrix for this project:Event Cost ($000) ProbabilityEquipment breakdown 40 .20Vendor is late with key segment 200 .60Subcontractor has labor issues 140 .30Weather problems 15 UnknownFunding delays 50 .40 to .60Testing delays 20 .40Explain your reasoning for your placement of the events Weather problems and Funding delays.Evaluate the below statement according to the project management terminologies and choose the correct answer: It is the process of making a forecast or precise approximation Choose... of time and cost associated with a work package or activity. Graphically describes a project consisting of well-defined Choose.. activities, the completion of which marks its end. One of the Perform Quantitative Risk Analysis process has a Choose.. Tools and Techniques. Useful for building accountability through assigning specific Choose.. tasks to team members. It is the standard format each path through the network must be continuous with no gaps, discontinuities, or dangling Choose... activities. Organizational Assets, Project Scope Statement, Cost Management Plan and Schedule Management Plan are inputs Choose.. of: Choose... Work Breakdown Structure Expert Judgment Bar chart Estimating A horizontal diagram format Plan Risk ManagementMODELLING AND SIMULATION 1. What is the best way to plan a simulation project? Why? 2. Does project management help you to simulate a model? In what way/s? 3. Car dealers have realized how profitable it can be to sell automobiles by using the Web. Pretend that you work for a local car dealership that is part of a large chain of car industry. Create a project management process (include the sub-processes) that you will implement in developing such web-based system.
