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

  Explains five international marketing philosophies

The unit lesson explains five international marketing philosophies. Which orientation mostly applies to Maytag’s washers and dryers?

  Customer satisfaction and customer retention

Assess one of three important areas of marketing research: 1) Customer Acquisition, 2) Customer Satisfaction, and 3) Customer Retention.

  Funds for capital expenditures always kept separated

In budgeting, why are funds for operating expenses and funds for capital expenditures always kept separated?

  Describe an ethical project culture

Describe how a strong (project) matrix is different from a weak (functional) matrix. describe an ethical project culture.

  Identify major human activities that impact the environment

Discuss the drivers in the environment and the economy that provide a driver for the sustainable. In your answer include a discussion as to how Population, Affluence and Technology impact the biosphere. Identify the major human activities that impact..

  How many workers will lackey need to add

If the bakery makes 1,500 loaves per month with a labor productivity of 2.344 loaves per labor-hour, how many workers will Lackey need to add?

  Describe the security issues specific to cloud computing

Simply explain the concept of a database, making sure you delineate the difference between the organization of a relational database and a non relational database. Explain how encryption protects information and describe the security issues specific ..

  Considered before starting computer forensic engagements

What are the legal factors that should be considered before starting computer forensic engagements?

  Transaction marketing paradigm containing concepts

Authors have argued for that there has been a paradigm shift from the (traditional) transaction marketing paradigm containing concepts such as e.g. the marketing mix - to a relationship marketing paradigm. What does this mean? How do these paradigms ..

  Zappos method of testing loyalty of its employees

Zappos’ method of testing loyalty of its employees by paying them to leave also shows employees’ degree of. Which of following are flows in network operations.

  What is the average waiting time before being served

What is the average waiting time before being served? What is the average time that a customer has been spent at the bank?

  Evaluation of opportunity and development of business plan

Identification and evaluation of opportunity, development of business plan, determination of the required resources, and management of resulting enterprise.

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