What statistical assumptions are made in PERT? Under what conditions are those assumptions realistic?
Answer to relevant QuestionsAn R&D manager told you that the statistical part of PERT seems complicated and perhaps too complex for scheduling R&D. What would your response be? What is the management significance of finding the critical path through a network? A construction project has the following network and activity times: a. Make a forward pass and a backward pass on the activity times. b. Find the slack for each activity. c. Prepare a Gantt chart for this project. d. ...A student was overheard saying, "The EOQ model assumptions are so restrictive that the model would be hard to use in practice." Is it necessary to have a different model for each variation in assumptions? Why or why not? Suppose you are managing the Speedy Hardware Store. Give examples of items that might be managed by a P system and other items for which a Q system might be used. How do these items differ?
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