Question: For the project defined in Problem 1 from Chapter 1 0 , suppose that a Monte Carlo simulation with five repetitions is desired. Suppose further
For the project defined in Problem from Chapter suppose that a Monte Carlo simulation
with five repetitions is desired. Suppose further that the activity durations have a triangular
distribution with the following lower and upper bounds: A:; B: C: ; D: ; E: ;
F: ; G: ; H: ; I: ; J: ; K: ; L: ; M: ; N: ; O:
a Calculate the value of m for each activity given the upper and lower bounds and the
expected duration shown in Table
b Generate a set of realizations for each activity and calculate the resulting project
duration.
c Repeat part b five times and estimate the mean and standard deviation of the project
duration.
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