What is the probability of being done in days

Assignment Help Operation Management
Reference no: EM131352450

Rich Cole Control Devices, Inc., produces custom built relay devices for auto makers. The most recent project undertaken by Cole requires 14 different activities. Cole's managers would like to determine the total project completion time (in days) and those activities that lie along the critical path. The appropriate data are shown in the following table.

a) What is the probability of being done in 53 days?

b) What date results in a 99% probability of completion?

ACTIVITY

IMMEDIATE PREDECESSOR(S)

OPTIMISTIC TIME

MOST LIKELY TIME

PESSIMISTIC TIME

A

-

4

6

7

B

-

1

2

3

C

A

6

6

6

D

A

5

8

11

E

B, C

1

9

18

F

D

2

3

6

G

D

1

7

8

H

E, F

4

4

6

I

G, H

1

6

8

J

I

2

5

7

K

I

8

9

11

L

J

2

4

6

M

K

1

2

3

N

L, M

6

8

10

Reference no: EM131352450

Questions Cloud

How might the elements of the contract be structured : Communication (or the lack of it) is definitely one area that can lead to conflict within the project. How might the elements of the contract be structured to help relieve communication problems?
Create classes of stock with unequal voting rights : Stock Valuation: A substantial percentage of the companies listed on the NYSE and the NASDAQ don’t pay dividends, but investors are nonetheless willing to buy shares in them. How is this possible? Under what circumstances might a company choose not t..
Issue of preferred stock outstanding : Valuing Preferred Stock: Gesto, Inc., has an issue of preferred stock outstanding that pays a $5 dividend every year, in perpetuity. If this issue currently sells for $84.12 per share, what is the required return?
No dividends will be paid on stock over nine years : Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years, because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $15 per share exactly 10 years..
What is the probability of being done in days : Rich Cole Control Devices, Inc., produces custom built relay devices for auto makers. The most recent project undertaken by Cole requires 14 different activities. What is the probability of being done in 53 days
Factors impacting food choices : Factors Impacting Food Choices' False Discuss three factors that affect your daily food choices. For each factor with a negative outcome, suggest at least one change you could make in your daily behavior that would turn that negative outcome to a ..
Find the stagnation temperature and pressure of the air : Find the stagnation pressure and temperature of air flowing at 100 f t/s if the temperature in the freestream is 60°F and the pressure is atmospheric.
How much will you pay for company stock today : Stock Values: Diamond Corporation will pay a $3.75 per share dividend next year. The company pledges to increase its dividend by 5.5 percent per year, indefinitely. If you require a 12 percent return on your investment, how much will you pay for the ..
Explain the maintenance of capital doctrine : RESEARCH AND EXPLAIN THE MAINTENANCE OF CAPITAL DOCTRINE - It development and form an opinion whether it is still part of the Australian Corp Law and whether it is a necessary part of Corp Law. Your opinions must be supported by your research.

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