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The project of building a backyard swimming pool consists of eight major activities and has to be completed within 19 weeks. The activities and related data are given in the following table:
Activity
Immediate predecessor
Activity time (weeks)
A
-
3
B
6
C
2
D
B,C
5
E
4
F
G
9
H
F,G
a. Draw a network diagram for this problem.
b. Determine the critical path and the expected project completion time.
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The investor has constant wealth 1 and is o?ered to invest in shares of a project that either gains 3=2 or loses 1 with equal probabilities. Therefore, if the investor obtains sha
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