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1. Exhibit 18.2 on page 365 lists a number of impediments to project success. How might you minimize or eliminate these impediments?
2. The calculations in PERT allow you to determine the probability that a project will be completed. Suppose you calculate that the probability a project will be completed by a target deadline is only 0.25.
What steps might you take if you were the project manager? Would your decisions be different if the probability was calculated as 0.75? Would you be willing to take a 25% risk of failing to complete the project on time?
3. Crashing in the Critical Path Method assumes that the cost of crashing an activity is linearly proportional to the amount of time the activity is crashed; that is, the rate of cost increase is constant (see Exhibit 18.12 on page 374).
Is this a reasonable assumption? Why or why not? How might the concepts of economies and diseconomies of scale help to address this issue?
dunstreets department store would like to develop an inventory ordering policy with a 95 percent probability of not
List the management and organizational forces that contribute to resistance to change at the US Air Force Academy.
Calculate the average number of defects per basket
Tech Company is a medium-sized consumer electronics retailer
Excelsior's proiducts average inventory is valued at $500,000. Inventory is ordered 52 times per yearat a reordering cost of $700/per order. THe cost of carrying inventory is 20%. What is Excelsiors annual inventory carrying cost?
Compare and contrast qualitative and quantitative forecasting and give one example of a method that is used for each type.
How much money should Mr. Jones invest in each type of stock to maximize his total expected yield.
Using a binomial distribution, find the probability of obtaining 2 or more non-conforming units when sampling 5 typewriters from a batch known to be 6% non-conforming.
Union Express has 60 tons of cargo that need to be shipped from boston to dallas. The shipping capacity on each of the routes Union Express planes fly each night.
What factors affect the status of women in a society beside the cultural tradition? In what way the attitudes toward women in conservative Moslem countries may be reminiscent of those prevailing in America, at an earlier time?
Solve the model using Excel solver. Give the value for each decision variable and the objective function.
Suppose you are the manager of an accounts receivable unit in a large company. You are switching to a new system of billing and record-keeping and need to train your three supervisors and twenty-eight employees in the new procedures.
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