Answered: A Company is in the process of…

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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A Company is in the process of preparing a budget for launching a new product. The following table provides the associated activities and their durations. Construct the project network and identify the critical path and its duration. Activity Predecessors Duration(wks) A: forecast sales volume - 10 B: study competitive market - 7 C: design item and facilities A 5 D: prepare production schedule C 3 E: estimate cost of production D 2 F: set sales price B,E 1 G: prepare budget E,F 14 (4) A project consists of the following activities, with the duration, in weeks, of each activity given in brackets. A(6), B(4) and C(7), the first activities of the project, can be executed concurrently. A and B precede D(2). B precedes E(1), F(5) and H(8). F and C precede G(3). E and H precede I(2) and J(4). C, F and J precede K(2). K precedes L(4).D, I, G and L are the terminating activities if the project.

Construct the precedence table, and hence draw the network for the project
Determine the critical path and the project duration for the project using the forward pass and the backward pass method.

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