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

  Different between treating employees assets and investors

What is the different between treating employees as assets and as investors? When is it appropriate for an organization to treat employees as investors? When is it appropriate for an organization to treat job applicants and employees as assets?

  Determine the sensitivity ranges for the objective

Determine the sensitivity ranges for the objective function coefficients, using graphical analysis.

  Determine the level of reliability required for each

An engine system consists of three main components in a series, all having the same reliability. Determine the level of reliability required for each of the components if the engine is to have a reliability of 0.998. (Round answer to 4 decimal pla..

  Discuss synchronous manufacturing

Discuss synchronous manufacturing, it is said that one should focus on bottleneck resources and capacity-constrained resources. What is meant by each of these. Why do we concentrate on these particular resources as opposed to other ones?

  Internationalization presents to logistics management

Identify challenges that internationalization presents to logistics management. And discuss the drivers and logistics implications of internationalization.

  How they achieved operational excellence

Describe a present day organization and how they achieved operational excellence. Describe the tools, such as supply chain management, customer relationship management, and other enterprise applications, and how they help to achieve operational excel..

  How do the various elements of culture

Illustrate your ideas with concrete examples of both cultural elements and specific countries.

  Competitive issues-ability to cut prices on goods sold

Discuss your opinion regarding the merits of Circuit City’s labor cost-cutting strategy. How might the strategy affect the following competitive issues: ability to cut prices on goods sold, customer service, and recruitment and retention of retail em..

  Intended authority-express-sale agency authority

Bubba is a sales representative for Shrimp Boats R Us company, which is a prospective seller of shrimp boats for your project. Bubba has offered you a great end-of-the year deal that is substantially below the current prices for the desired boats. Ot..

  Briefly summarize the major sections

Create an introduction that tells what your report is about. Include the Problem Statement that you already created and revised in Part 1. Include terms that readers will need to know in order to understand the report.

  What objective is this project designed to meet

How do you write an objective for opening a coffee shop, the objective must have at least five goals, what objective is this project designed to meet? What will be the business need of opening a coffee shop, must include why should this project be ma..

  Expected demand for implants during lead time

Expected demand for implants during lead time is ten units and the management keeps a safety stock level of twenty units, the ROP would be thirty units.

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