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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.
A firm that operates 300 days in a year and uses a level material usage approach has collected the following data: Annual Demand = 30,000; Daily Demand = 100; Daily production= 300
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