Monte carlo simulation in the context of project management

Assignment Help Operation Management
Reference no: EM132270751

1. Compare and contrast the use of PERT and Monte Carlo Simulation in the context of project management.

2. Describe how the concepts of a Unit Load could be applied in a Grocery Store. Discuss how the Unit Load changes from the time it is received at the receiving dock, to how it is put into the shelves inside the grocery store, Give three examples: cereal, canned goods, and produce.

3. The Chinese e-commerce company Alibaba Group Holding Ltd. has been opening car-vending machines across China. (See attached article). Why do you think the car-vending concept has had more success in China compared to the U.S.? Do you think the car-vending concept will receive greater acceptance in the U.S. in the future? Why or why not?

Reference no: EM132270751

Questions Cloud

Is there distinct difference between projects and events : Is there a distinct difference between projects and events, when referring to the field of project management, and in what ways do they differ and overlap?
Change of focus make your circle of influence grow : How can this change of focus make your Circle of Influence grow?
The new retail ecosystem : Describe, in your own words, 'the new retail ecosystem."
Estimate to complete and estimate at complete : Estimate to complete (ETC), estimate at complete (EAC), and variance at complete (VAC). Explain one of the three stages in planning discovery.
Monte carlo simulation in the context of project management : Compare and contrast the use of PERT and Monte Carlo Simulation in the context of project management.
Discuss board composition and board structure : Discuss board roles and responsibilities. Discuss “how to pay” to executives. Discuss board composition and board structure.
Additional police officers based on historical crime data : Baltimore government has decided to recruit additional police officers based on the historical crime data.
Major principles of health care ethics : Major principles of health care ethics include the principles of respect for autonomy, nonmaleficence, beneficence, and justice.
Give at least two different examples of the social media : Give at least two different examples of the social media use cases that can be solved using the Big Data and infrastructure needs for Big Data.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd