For the next project: | | TIME ESTIMATE (WEEKS) TASK DESCRIPTION a m b A foundations 2 3 4 B framework 4 7.5 8 C roofs 3 5.5 11 D plumbing 2.5 4 5.5 E electrical wiring 2 3 4 F doors and windows 3 5 7 G interior finish 3 3.5 7 H exterior finish 2 5 8 I inspection 1 1 1 a. I made the network diagram. b. Calculate the parameters corresponding to expected time, variance, nearest and farthest start times and farthest c. What is the probability of meeting a specific project completion date? For example, what is the probability of building the house in 32 weeks? Topic: stochastic processes
For the next project: | | TIME ESTIMATE (WEEKS) TASK DESCRIPTION a m b A foundations 2 3 4 B framework 4 7.5 8 C roofs 3 5.5 11 D plumbing 2.5 4 5.5 E electrical wiring 2 3 4 F doors and windows 3 5 7 G interior finish 3 3.5 7 H exterior finish 2 5 8 I inspection 1 1 1 a. I made the network diagram. b. Calculate the parameters corresponding to expected time, variance, nearest and farthest start times and farthest c. What is the probability of meeting a specific project completion date? For example, what is the probability of building the house in 32 weeks? Topic: stochastic processes
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 the next project:
| | TIME ESTIMATE (WEEKS)
| TASK | DESCRIPTION | a | m | b |
| A | foundations | 2 | 3 | 4 |
| B | framework | 4 | 7.5 | 8 |
| C | roofs | 3 | 5.5 | 11 |
| D | plumbing | 2.5 | 4 | 5.5 |
| E | electrical wiring | 2 | 3 | 4 |
| F | doors and windows | 3 | 5 | 7 |
| G | interior finish | 3 | 3.5 | 7 |
| H | exterior finish | 2 | 5 | 8 |
| I | inspection | 1 | 1 | 1 |
a. I made the network diagram.
b. Calculate the parameters corresponding to expected time, variance, nearest and farthest start times and farthest
c. What is the probability of meeting a specific project completion date? For example, what is the probability of building the house in 32 weeks?
Topic: stochastic processes
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