Pessimistic durations and immediate predecessors

Assignment Help Finance Basics
Reference no: EM13850469

1. A series of activities must be completed in a coordinated fashion to complete a landscaping overhaul. The following table shows the activities their optimistic, most likely and pessimistic durations and their immediate predecessors

Activity           A          m         b          Immediate Predecessors

A                      4          8          12        ---

B                      4          10        13        A

C                      7          14        18        B

D                     9          16        20        B

E                      6          9          12        B

F                      2          4          6          D,E

G                      4          7          13        C,F

H                     3          5          7          G

I                       2          3          4          G,H

A. Determine the expected times and variances for each activity

B. Construct a project network for this problem

C. Determine the EST, EFT, LST, LFT and slack for each activity. Also determine the critical path and project completion time.

D. What is the probability that the project will be finished in less than 57 days?

E. What is the probability that the project will need at least 50 days?

2 The expected project completion time for the construction of a pleasure yacht is 21 months and the project variance is 6. What is the probabliltity that the project will

(a)  Require at least 17 months?

(b)  Be completed within 20 months?

(c)   Require a least 23 months?

(d)  Be completed within 25 months?

3. Bowman Builders manufactures steel storage sheds for commercial use. Joe Bowman, president of Bowman Builders, is contemplating producing sheds for home use. The activities necessary to build an experimental model and related data given in the table on the next page. The project completion time using standard times in 14 weeks.

Set up and solve an LP model using Excel to crash the project to 10 weeks. How much does it cost to reduce the duration of this project from 14 to 10 weeks?

4. Getting a degree from a college or university can be a long and difficult task certain courses must be completed before other courses can be taken develop a network diagram in which every activity is a particular course that you must take for you degree program. The immediatepredecessors will be course prerequisites don't forget to include all University College and departmental course requirements. Then try to group these courses into semesters or quarters for our particular school. How long do you think it will take you to graduate? Which course, if not taken in the proper sequence could delay your graduation?

Reference no: EM13850469

Questions Cloud

What would be the dilemma and implications of such a crime : What would be the dilemma and the implications of such a crime
What do you think are the major barriers to small business : What do you think are the major barriers to small business internationalization? How can these barriers be removed
What entities are included in the financial statements : What entities are included in the financial statements? List three initiatives undertaken by the AICPA during the fiscal year. What was the amount of total net assets for the current year?
Problem regarding the working capital policy : Payne products sales last year were an anemic $1.6 million, but with an improved product mix it expects sales growth to be 25% this year, and Payne would like to determine the effect of various current asset policies on its financial performance. ..
Pessimistic durations and immediate predecessors : 1. A series of activities must be completed in a coordinated fashion to complete a landscaping overhaul. The following table shows the activities their optimistic, most likely and pessimistic durations and their immediate predecessors
Tax rate schedule-how much gain is included in gross income : Scot and Vidia, married taxpayers, earn $184,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule). This year, Fred and Wilma sold their home (sales price $750,000; cost $200,000). Al..
Identify a good of the sort that utilitarian seems to need : What does Mill identify as the good, and does it have these characteristics? What about Singer? What good does he seem to be referring to and does it have these characteristics? What implications would there be if we can't identify a good of th..
Legally liable for the tax underpayment : Lebron received $50,000 of compensation from his employer and he received $400 of interest from a municipal bond. What is the amount of Lebron's gross income from these items? Lydia and John Wickham filed jointly in year 1. They divorced in year 2. I..
Weights for the weighted average cost of capital : The comptroller currently finds the weights for the weighted average cost of capital (WACC) from information from the balance sheet shown in Table 2. Compute the book value weights that the comptroller currently uses for the company's capital stru..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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