Answered: PROJECT CLIENT LEADER 1 2 ADAM 10 15 5…

Business

Operations Management

PROJECT CLIENT LEADER 1 2 ADAM 10 15 5 ВОВ 9 18 CARL 14 3 DAN 8 16

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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For many years, the Triple Constraints Theory has been taught as an underpinning concept of project management. In recent times, however, the modern approach to project management recognizes more than just three constraints and includes additional constraints such as project risks, resources, and quality. However, the understanding and working of triple constraints theory remain relevant in practice and it continues to be taught in many business schools and universities around the world. Project managers are encouraged to understand the workings of the triple constraint of project management. Question: With the use of examples, explain the working of the triple constraints of project management and discuss why the understanding of the triple constraints of project management is useful to a project manager. please include Project Scope, Time, and Cost Management
The university administration would like to add some additional parking locations. To make everyone happy, they would like each building to be within a 5 minute walk of one set of new parking spaces (the spaces will be added in blocks of 10 parking spaces). The university is considering six locations for the new parking spaces, but would like to minimize the overall cost of the project. In addition to the walking time requirement, the university would like to add at least 40 new parking spaces (at least 4 blocks of 10). To help with the decision, the management science department formulated the following linear programming model: Min 360x1 + 395x2 + 350x3+ 360x4 + 490x5 + 450x6 s.t. x1 + x2 + x5 + x6 2 1{Residence Hall A constraint) x1 + x2 + x3 2 1{Residence Hall B constraint) X4 + x5 + X6 2 1{Science building constraint) x1 + X4 + x5 2 1 (Music building constraint) x2 + x3 + x4 2 1{Math building constraint} x3 + x4 + x5 2 1{Business building constraint) x2 + x5 + X6 2 1{Auditorium…
2. Eowle Marketing Research has four project leaders available for the assignment of project leaders to clients that will minimize the total time to complete all projects. The estimated project completion times in days are as follows: PROJECT CLIENT LEADER 1 2 3 ADAM 10 15 9 BOB 9. 18 CARL 14 3 DAN 8 16 6 Formulate the complete LP model.
Do you understand how dynamic programming is used?
A B C D F G H M N O P Raptor Consulting has three (3) projects to complete this year. They have four (4) project teams currently available. Each project team can at most do one project. Based on the mix of skills and experience on each of the teams, Raptor has developed the following estimates on time taken by each team (in days) to 2 complete each proiect. 3 4 5 6 7 8 9 10 Determine the optimal assignment of teams to projects in order minimize the total days taken to complete all the projects. 11 12 Please answer items A-E below 13 A. Formulate the problem as an assignment problem. Use worksheet tab "Q2 SS Model" to develop your formulation. 14 Use worksheet tab "Q2 SS Model" to develop your formulation 15 16 B. Solve the problem using Excel Solver. 17 Use worksheet tab "Q2 SS Model" Teams Project Team 1 Team 2 Project A 50 30 Project B 35 28 Project C 33 37 Ready Title Q1 E Accessibility: Investigate Team 3 Team 4 55 27 25 35 30 23 18 19 C. What is the optimal assignment of teams to…
The project duration in a network model can be determined by the largest value of which variable associated with the critical path?
CASE BACKGROUND The MGMT Insurance Ltd. accepts payments on various insurance policies from employees of businesses across the island. These businesses deduct payments from employees’ salaries and pay the insurance company a lump sum each month. This total amount deducted is shown on each employee’s payslip. Deductions are due at the end of each month and each participating business submits one payment for its employees to the insurance company via online payments through the bank. However, if payments were received after 11:00 a.m., the bank does not process them until the next business day. At the beginning of each month an administrative assistant at MGMT Insurance Ltd. downloads the deductions for each company and allocates payments to the various policies. These payments include the client’s unique number along with his/her relevant policy numbers and amounts due. However, recently there has been some complaints that payments for some policies were not being allocated correctly.…
ILP Case: Please provide a mathematical formulation for each of the constraints (appearing on separate screens) referring to the following scenario. A car rental company wants to add 5 new models to its current fleet. After some research it has shortlisted the following models as potential additions. Retail Price Car Model Manufacturer Category (in $1000) Sedan 17 12 Sedan 24 3 SUV 28 14 B Sedan 30 15 B SUV 32 16 B SUV 36 Sedan 25 18 Sedan 32 19 SUV 27 10 SUV 35 Denote the decision to add each model i = 1, 2, .., 10 by binary variables y1, y2, ., y10, respectively. A value of 0 for a decision variable indicates not adding and a value of 1 indicates adding the model to the fleet. Constraint: The company wants to select exactly 5 models.
Q3- Udesign is a plant producing mass production dresses. The following table shows the tasks needed to be preformed, their task times and proceeding tasks. It is required to produce 30 dresses per hour.TaskImmediate predecessorTask time (sec)A-30B-40C-20DA100EB,D25FC,D50GD,E,F50HG90a- Compute the cycle time and minimum number of workstations requiredb- Draw the precedence diagramc- What is the maximum output for this lined- Assign tasks to workstations using most number of followerse- Compute efficiency of such line
CASE BACKGROUND The MGMT Insurance Ltd. accepts payments on various insurance policies from employees of businesses across the island. These businesses deduct payments from employees’ salaries and pay the insurance company a lump sum each month. This total amount deducted is shown on each employee’s payslip. Deductions are due at the end of each month and each participating business submits one payment for its employees to the insurance company via online payments through the bank. However, if payments were received after 11:00 a.m., the bank does not process them until the next business day. At the beginning of each month an administrative assistant at MGMT Insurance Ltd. downloads the deductions for each company and allocates payments to the various policies. These payments include the client’s unique number along with his/her relevant policy numbers and amounts due. However, recently there has been some complaints that payments for some policies were not being allocated correctly.…
An office complex is to be renovated. Before the job can be completed, various tradespeople and skilled workers must install their materials. The table for this problem describes the relationships between the activities that need to be completed. Activity Immediate Predecessors Time (days) A1 - 6 A2 A1 7 A3 A1 3 A4 A1 10 A5 A2 10 A6 A3, A4 4 A7 A4 8 A8 A4 5 A9 A5, A6, A7 7 A10 A8 6 a) Develop a project network for this problem. b) Determine the EST, EFT, LST, LFT, and slack for each activity. c) What is the critical path and project completion time? d) Submit your file