Information Technology Project Management
9th Edition
ISBN: 9780357241226
Author: Kathy Schwalbe
Publisher: Cengage Learning US
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Chapter 12, Problem 7QQ
Program Description Answer
To get information from potential sellers for a project, a proposal document is requested by companies.
Hence, the correct answer is option “C”.
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Lakeside Boatworks is planning to manufacture
three types of molded fiberglass recreational boats
-a fishing (bass) boat, a ski boat, and a small
speedboat. The estimated selling price and variable
cost for each type of boat are summarized in the
following table:
Boat
Variable Cost
Selling Price
Bass
$12,500
$23,000
Ski
8,500
18,000
Speed
13,700
26,000
The company has incurred fixed costs of $2,800,000
to set up its manufacturing operation and begin
production. Lakeside has also entered into
agreements with several boat dealers in the re- gion
to provide a minimum of 70 bass boats, 50 ski boats,
and 50 speedboats. Alternatively, the company is
unsure of what actual demand will be, so it has
decided to limit production to no more than 120 of
any one boat. The company wants to determine the
number of boats that it must sell to break even while
minimizing its total variable cost.
1. Formulate a linear programming model for
this problem.
2. Solve the model by using the…
A supermarket chain is considering opening a supermarket in Grenada. However, to receive funding from the Grenada Development Bank (GDB), the plan must be approved and construction ready to start within the next 26 weeks. One complicating factor is that the Physical Planning Unit must see an initial design of the supermarket before it will approve the building permit. The architectural planning section of the supermarket chain has determined the following list of activities necessary to receive approval from the GDB. Included are the predecessor relationships and some estimates for the activity completion times (estimates are in weeks).
Draw the project network diagram.
Calculate the expected duration and variance of all activities.
Determine the earliest start (ES), latest start (LS), earliest finish (EF), and latest finish times (LF) for each activity.
A supermarket chain is considering opening a supermarket in Grenada. However, to receive funding from the Grenada Development Bank (GDB), the plan must be approved and construction ready to start within the next 26 weeks. One complicating factor is that the Physical Planning Unit must see an initial design of the supermarket before it will approve the building permit. The architectural planning section of the supermarket chain has determined the following list of activities necessary to receive approval from the GDB. Included are the predecessor relationships and some estimates for the activity completion times (estimates are in weeks)
Draw the project network diagram.
Calculate the expected duration and variance of all activities.
Determine the earliest start (ES), latest start (LS), earliest finish (EF), and latest finish times (LF) for each activity.
Calculate the slacks and determine all critical paths and critical activities
What is the probability that the project will be…
Chapter 12 Solutions
Information Technology Project Management
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