The expected project completion time for the construction

Assignment Help Operation Management
Reference no: EM131139404

Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 9. a) What is the probability that the project will be completed in 17 months? b) What is the probability that the project will be completed in 20 months? c) What is the probability that the project will be completed in 23 months? d) What is the probability that the project will be completed in 25 months? e) What is the due date that yields a 95% chance of completion?

Reference no: EM131139404

Questions Cloud

Lakeside house after making these transfers : Antonio is the owner of a lake-side house and lot. He deeds the house and lot “to my wife, Angela, for life, then to my son, Charles. Does Antonio have any ownership interest in the lakeside house after making these transfers? Explain. What is Angela..
Which equal employment opportunity law : Which equal employment opportunity law do you think is the most difficult to obey? Which do you think is easiest to obey? The age discrimination and employment act, the pregnancy discrimination act of 1979, The civil right act of 1991, the americans ..
Determine the velocity v of the stone after t seconds : Suppose a stone thrown vertically upward from the edge of a cliff on mars (where the acceleration due to gravity is only about 12 ft/s2) with an initial velocity of 64 ft/s from a height of 192 ft above the ground. Determine the velocity v of the st..
Quality problems-absenteeism or scheduling and balancing : An agricultural machinery manufacturer can potentially make eight units per day. Its effective capacity, however, is four units per day, and its actual output is three units per day. The manager would like to increase the output per day. Which of the..
The expected project completion time for the construction : Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 9. What is the probability that the project will be completed in 17 months? Wha..
Find the exact sum of the convergent series : Find the exact sum of the convergent series n=0∑∞7(2/3)n. True or false: The series n=0∑∞(10/5n) is divergent. Justify your answer
One for the disadvantages of partnership is double taxation : An agent is not personally liable on a properly execute contract that is made for a disclosed principal fi the agent has actual authority. An agent is not personally liable on a properly executed contract t that is made for an undisclosed principal i..
Personal protection equipment : Personal Protection Equipment (PPE) prepare an outline as described below for a safety program incorporating the safety management principles presented. Purpose and Scope of the PPE Program One or two descriptive paragraphs explaining program intent...
Game theory application in the real world : Game Theory application in the real world: Can you think of legacy competitors that apply game theory on a regular basis? Provide an example and discuss.

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