Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 10.5, Problem 21P

A.

Summary Introduction

Interpretation: The standard deviations for the activities are to be computed.

Concept Introduction: Program Evaluation and review technique is a planning and control tool, wherein the work flow of various activities of a project are graphically represented and analyzed. This technique is distinct in the way that it deals with uncertainty in the activity completion times.

B.

Summary Introduction

Interpretation: The mean and variance of the path with the longest expected completion time is to be computed.

Concept Introduction: Program Evaluation and review technique is a planning and control tool, wherein the work flow of various activities of a project are graphically represented and analyzed. This technique is distinct in the way that it deals with uncertainty in the activity completion times.

C.

Summary Introduction

Interpretation: The probability that the project will be completed by 20 weeks, with the critical path based on expected completion times is to be computed.

Concept Introduction: Program Evaluation and review technique is a planning and control tool, wherein the work flow of various activities of a project are graphically represented and analyzed. This technique is distinct in the way that it deals with uncertainty in the activity completion times.

D.

Summary Introduction

Interpretation: The number of weeks required to complete the project with the probability of completion as 0.85 is to be estimated.

Concept Introduction: Program Evaluation and review technique is a planning and control tool, wherein the work flow of various activities of a project are graphically represented and analyzed. This technique is distinct in the way that it deals with uncertainty in the activity completion times.

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(i) Project's standard deviation is the square root of the variance. Write a formula in cell F48 to compute the project's standard deviation.(j)The earliest finish time for the last activity is the Project's duration. Write a formula in cell F50 to compute the project's duration. (Hint: You have to only refer to the cell range)We would like to use the variance information to compute the probability that the entire project will be complete in 35 days.  Screenshot attached thank you!! z
A company is willing to develop their rocket before the end of current financial year which is now 28 weeks away. The chief engineer of the company has decided to use PERT technique in order to plan, schedule and control program of development for the data given in table below. What is the probability that the program will be completed by the end of the current financial year? (all durations are in weeks). (i) G) Optimum Duration Most likely duration Pesimistic duration 1 2 3 8 13 3 2 8 4 3 8 10 4 7 10 3 6. 3 8 4 9 10 4 8. 4 9. 5 7 9. 12 6. 5 11 7 9. 14 8 4. 00 2.
Using your results from Problem 6,(a) Calculate the probability that the project will be completedin 38 weeks.(b) Calculate the probability that the project will be completedin 42 weeks
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