If alpha $=0\mathrm{.}75$ optimistic

The Cost Accountant has provided you with additional information relating to the projected net revenues as given on

the table below

$($a$)$ Construct a payoff table for all three states of nature $(10$ marks$)$

$($b$)$ Apply the five complete uncertainty models to show the possible choices that can be made. If alpha$=0\mathrm{.}75$

optimistic $(15$ marks$)$

Question $2(25$ marks$)$

Required:

$($a$)$ Draw a project network that can be used to assist in the scheduling of the project activities. Use the

forward and backward pass to determine the critical path $(10$ marks$)$

$($b$)$ How much will it cost to complete the project using normal times $(2$ marks$)$

$($c$)$ The project owners inform you that they would like to complete the project in $24$ days. Formulate a linear

programming model that can be used to assist with the crashing decisions $(13$ Marks$)$

END OF PAPER