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Define Critical Path.
Critical Path: Computation of Earliest and Latest Values of the events of the specified network is as follows:-
Event EOT LOT
1 0 0
2 6 6
3 5 6
4 9 9
5 16 16
Therefore critical path is 1→ 2 → 4 → 5.
Determine the formula of the Economic Order Quantity. The formula for Economic Order Quantity (EOQ): EOQ = √((2x C O x D)/(C H ) Here D = Annual demand (units)
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