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You are working on a project that has 12 activities. You determine that the critical path consists of only five activities. You then compute the variances for the five critical path activities and these variances are 3, 4, 2, 1, and 6 days. The desired completion date for the project is 44 days and the expected completion date for the project is 40 days. Which of the following alternatives gives the probability that the project will be completed by the desired completion date?
What are the disadvantages of holding inventory control systems? Disadvantages of holding inventory control systems: a. Higher risk of damage, theft and deterioration b.
Question 1: (a) Describe the various stages in team development. (b) What are the characteristics of an effective work team? Question 2: (a) Define Leadership. (b)
Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city. Identify which that you believe to be most important, and d
Explain the concept of merit goods with reference to the formal provision of education in a country. Merit goods are those goods and services that society values and the gover
Explain the impact that batch size has on flow. Explain why the EOQ formula works.
Consider the following linear program: Max 1A + 1B s.t. 5A + 3B ?15 3A + 5B ? 15 A, B ? 0 a. What is the optimal solution for this problem? b. Suppose that the objective function i
Consider this situation: Joseph had an idea that he could speed up a floor buffing machine by putting a different motor on it. After about 25 tries he was able to make a buffer run
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What do you understand by “line balancing”? What happens if balance doesn’t exist?n..
Do NOT use Minitab for this problem; you may use Excel. Handy, Inc. produces a solar powered electronic calculator that has experienced the following monthly sales history for the
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