What are the major differences between pert and cpm

Assignment Help Business Management

Reference no: EM131293292

1. Explain a problem to be solved and the use of the spanning tree technique, the maximal-flow technique, and the shortest route technique in solving the problem.

2. What does it mean that PERT is probabilistic? How is probability used?

3. What are the major differences between PERT and CPM?

4. Describe the meaning of slack and discuss how it can be determined.

5. A road construction project would increase the road capacity around the outside roads from International Drive to Disney World by 200 cars per hour (see Problem 12-17). The two paths affected would be 1-2--6-9--l 1 and 1-5-8-10-11. What impact would this have on the total flow of cars? Would the total flow of cars increase by 400 cars per hour?

6. Monohan Machinery specializes in developing weed- harvesting equipment that is used to clear small lakes of weeds. George Monohan, president of Monohan Machinery, is convinced that harvesting weeds is far better than using chemicals to kill weeds. Chemicals cause pollution, and the weeds seem to grow faster after chemicals have been used. George is contemplating the construction of a machine that would harvest weeds on narrow rivers and waterways. The activities that are necessary to build one of these experimental weed-harvesting machines are listed in the following table. Construct a network for these activities.

Reference no: EM131293292

Questions Cloud

Cobb-douglas production function of the form : Assume that a firm has Cobb-Douglas Production function of the form q = (3LK). Thus her marginal productivity of labor is 3K and the marginal productivity of capital is 3L. Further assume that Sarah has costs such that C = wL + rK where C is som..

Keynesian economic policies : How did the Keynesian economic policies affect the United States economy during the 1950's?

Identify specific quantitative analysis techniques : Identify specific quantitative analysis techniques that could help you better understand the nature of the problem or opportunity as well as craft appropriate recommendations.

Estimate a cubic relationship between a country : Using data from the Global Environmental Monitoring System, Grossman and Krueger (QJE, 1995) estimate a cubic relationship between a country's income per capita in thousands of dollars (Y) and the concentration level (in μg per cubic meter) of a v..

What are the major differences between pert and cpm : What does it mean that PERT is probabilistic? How is probability used?- What are the major differences between PERT and CPM?

Ten principles of economics teach about : As part of a marketing research committee for your organization, you have been assigned the task of preparing a 10-12 slides PowerPoint Presentation on current microeconomic thought and theory

Why have dummy sources and dummy destinations : Why have dummy sources and dummy destinations?- What are opportunity costs? How are they used in the Hungarian Method?

Suppose that government spending in support of education : Suppose that government spending in support of education was increased. Explain if this action would shift the aggregate demand curve, the aggregate supply curve, or both curves? What would happen to the price level and real GDP.

How risk management is integrated as a component : Risks fall in a few categories, known and unknown.- Explain how risk management is integrated as a component into the total project management approach.

User Account

All Pages