The following jobs are waiting to be processed at JulieMorel’s machine center:JOB DATE ORDER RECEIVED PRODUCTIONDAYS NEEDED DATE ORDER DUEA 110 20 180B 120 30 200C 122 10 175D 125 16 230E 130 18 210 In what sequence would the jobs be ranked according to the fol-lowing rules: (a) FCFS, (b) EDD, (c) SPT, and (d) LPT? All dates are according to shop calendar days. Today on the planning cal-endar is day 130, and none of the jobs have been started or sched-uled. Which rule is best?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The following jobs are waiting to be processed at Julie
Morel’s machine center:
JOB DATE ORDER RECEIVED
PRODUCTION
DAYS NEEDED DATE ORDER DUE
A 110 20 180
B 120 30 200
C 122 10 175
D 125 16 230
E 130 18 210
In what sequence would the jobs be ranked according to the fol-
lowing rules: (a) FCFS, (b) EDD, (c) SPT, and (d) LPT? All dates
are according to shop calendar days. Today on the planning cal-
endar is day 130, and none of the jobs have been started or sched-
uled. Which rule is best?
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