Operational management Linear programming Linear programming is a tool that helps companies define

Critical path analysis identifies the most efficient and cost effective way of completing a complex project. The various activities which together will make up the project are identified, and the order of these activities are identified. Then, the duration of each activity is estimated and these factors are then arranged as a network or graph, showing the whole project from start to finish, and showing which tasks can happen at the same time. The sequence of tasks which have to be done one after another with no gaps in between is called the Critical Path.

In order to maximize the total profit, the monthly production plan should be 1900 unit/month for Model S and 650 unit/month

3. What is (are) the critical path(s) in the project? What is the level of risk in completing tasks on the critical path(s)? Explain.

Freight cost will reduce by Truck load and by using maximize the cube and also less than truck load shipment will reduce.

The critical path would be prepare the site, set building footers, building assembly, interior work, set an appointment for final building inspection, landscaping and driveway paving, painting and arrange the sale.

Any path that if delayed will delay the completion of the entire project is known as a:

(b) Describe the EVM process used to determine how far our project is ahead of or behind schedule.

The shipping cost and/or unavailability of transportation between the plants and some locomotive locations will eliminate some of the routes due to cost inefficiency. These routes are the unacceptable routes and will not be considered for distribution from the specified plant. By removing unacceptable routes, Solutions Plus is able to build a linear programming solution to determine which plant/locomotive location combinations are optimal. Based on the shipping cost provided, the routes that are eliminated are as follows:

Critical Path: The sequence of activities that represents the longest path through a project, which determines the shortest possible duration.

In this case study, production planning of MacPherson Refrigeration Limited (MRL) for the next year is conducted. In order to

In field of project management, there are a plethora of mechanisms under perpetual reevaluation. One specific segmentation of project management under such scrutiny pertains to cost duration, which is the time and monetary costs of completing individual tasks within the project’s critical path (IBM Knowledge Center, 2016). The process of monitoring and evaluating the time and financial impacts of each task is referred to as cost duration analysis (IBM Knowledge Center, 2016). A chief concern of cost duration analysis is identifying tasks within the project’s critical path which can reduce project duration (PMI, 2013). A common approach to reducing a project’s duration is task “crashing” (PMI, p.181). According to The Project Management Institute (2013) crashing refers to the process of methodical determining the financial value of increasing a critical path task’s resources in order to decrease project duration (p.181).

Planning, Scheduling and Controlling are three important functions of management. Planning involves the formulation of objectives and goals that are subsequently translated into

In order to meet the accelerating deadline which is 60 hours earlier at minimum additional cost, we should first look at the network diagram and the critical path.

Having 3 days of delay in electrical can affect the whole project. Therefore, the negotiation of 15 working days would exceed up to 18 days, which could cause the penalty of $300 ($100 per extra day). In order to minimise a project’s critical path, sequencing of tasks should be changed. On the off chance that one can do a project’s tasks in alternate grouping to that initially proposed, one might have the capacity to shorten the critical path. A level of intricacy by striving for shortening the critical path, which is primarily hazardous, is unavoidably acquainted with the task. (Aydar, 2014) With a specific end goal to convey this shorter timescale, the critical path should be controlled

Proper following and acknowledgement of the timeline is vital to the success of this project. If the project goes overtime, it can cause serious budget mess-ups and furthermore delays.