Table 3 gives time estimates in weeks for each activity (Durations are Time Expected obtained using PERT) Activity Preceded Duration Resources 1 Order review 2 Order vendor parts 3 Produce standard parts 4 Design custom parts 5 Software development 6 Manufacture custom parts 7 Assemble 8 Test 5 15 20 13 18 10 10 5 1 1 1 1 4 23,6 2,5 Ryan Carly Ryan Lauren Connor Ryan Dawn Test Assuming that you have been engaged to programme the project activities indicated in Table 3 and Figure A8.1B (Air Control Project: Time Plan without Resources), USE CCPM (Critical Chain Project Management) to ESTIMATE the project duration by showing each and every stage of your programming process (indicate technical dependency with resources imposed).

PERT-CPM Yu and Mi Company is planning to computerize its accounting system. Its IT consultant has determined the following activities required to complete this project together with the time estimates and precedence relationships. Time estimates (weeks) Optimistic Most Likely Pessimistic 5 Activity Description Predecessor Recruit project personnel System development System training Equipment training Manual system test Prel. System changeover Computer-personnel interface Equipment redesign Equipment testing J A 8 12 17 B 3 15 C A 4 7 10 D A 8 23 В. С В. С D, E D, E E F 1 1 1 1 4 13 3 H 1 2.5 7 I H 1 1 1 System debugging and installation Equipment changeover F, G G, I K 5 8. 11 a. Determine the expected project completion time and the variance. b. What is the project's critical path? c. Determine the probability that the project will be completed in 40 weeks or less.

Conduct a mathematical analysis of the Wilson EOQ model and its practical applicability in real-world scenarios.