Reference no: EM1314159

• In LP it is not possible for there to be multiple optimal solutions even though there may be feasible solutions.
• The maximal flow technique is used to connect all points of a network; connecting power lines in a new development is an example.
• The critical path is the expected time path route through the network and any delay along this path will delay completion of the whole project.
• In the corner-point solution method to linear programming (LP), a solution requires that there be only two decision variables.
• Random numbers may be generated using a random number generator; this is a key step in Monte Carlo simulations.
• If I am producing 10 million bolts, I can expect a maximum of 34 defects if the process is truly six sigma.
• Slack time can be computed by finding the difference between the earliest start time and the earliest finish time.
• A uniform distribution is a continuous distribution often used in PERT to find expected value and variance for activity completion times.
• Traditionally, upper and lower control limits are set 3 standard deviations apart.
• According to the central limit theorem, the sampling distribution of sample means is distributed normally.