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Why might a probabilistic estimate of the project completion time base solely on the variance of the critical path be misleading? Under what circumstances would it be acceptable?
Where was the world's first air raid in 1849 from hot air balloons?
At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benefit of selecting machine A is $45,000 with a probabil
what are the changing roles of computers in operations management
Describe the behaviours of leaders modelling excellence. How do you assess excellence and how does that inspire you to perform at a higher level?
Madden Industries manufactures three models of a product in a single plant with two departments cutting and assembly. The company has estimated costs for each of the three product
Electronic Executive Information Systems (EIS) and Expert Systems (ES) are examples of Decision based software.
Create a worst-case scenario for a project lacking a time-phrase baseline. Also discuss if you were ever in such a situation, the outcomes of the situation and what you learned. Th
DO NOT WORK A company is considering producing two new electronic games designed for the popular Gameboy toy. Based on market data, management believes there is a 60 percent chance
1) Bill of material errors can cause serious problems for MRP system calculations of dependant demands 2) No matter what forecasting technique is used, the probability of a prod
Participation - Types of Managerial Tactic The participative manager initiates the planning and strategic imperative and involves group participation. Usually from carefully s
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