Question: Lecture Exercise #12 Critical Path Method Determine the early start, early finish, late start, late finish times for each activity Identify the critical path .

Lecture Exercise #12 Critical Path Method Determine the early start, early finish, late start, late finish times for each activity Identify the critical path . Activity Time (days) 6 7 3 Predecessor(s) None None B A 2 A E 4 B F 6 B 10 C. E D. F H 7 Lecture Exercise #13 Project Crashing Activity Predecessor(s) Time (weeks) Normal Crash 3 2 2 1 B None None None 1 1 Cost Normal Crash 1000 1600 2000 2700 300 300 1300 1600 850 1000 4000 5000 1500 2000 D 7 3 E B 6 3 F 2 1 G D. E 4 2 . What's the normal project completion time? Identify the critical path If you'd like to shorten the project by one week, which activity should you shorten? . 0.00 0.01 0.05 0.02 0.06 0.08 2 0.07 Lecture Exercise #14 0.03 5120 5517 5910 0.04 5160 5557 5948 6331 6700 .7054 .7389 .7704 .7995 Activity Predecessor Time (Days) b m 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 SCOO 5398 5793 6179 6554 6915 .7257 .7550 .7881 8159 8413 .8643 8:49 9032 9192 9332 9452 9554 9641 9713 SOLO 5438 5832 6217 6591 6950 7291 .7611 .7910 8186 8418 8665 8869 9049 9207 9345 9463 9564 9609 9719 SO80 5478 5871 6255 6628 6985 .7324 7642 .7939 8212 8461 8686 8888 9066 .9222 9357 9474 .9571 5199 5596 5987 6368 6736 7088 .7422 .7734 8023 8289 .8531 .8749 .8944 9115 9265 9394 9505 9599 94678 9744 5239 5279 5636 5675 6026 6064 6406 6443 6772 6808 .7123 .7157 .7454 .7486 .7764 .7794 8051 8078 8315 8340 8554 8577 8770 8790 .8962 8980 9131 .9147 9279 9292 9406 9418 9515 9525 9608 9616 9686 .9693 9750 9756 5319 5714 6100 6480 6844 7190 .7517 .7823 8105 .8365 8599 8810 .8997 9162 9306 9429 9535 9625 9699 .9761 0.09 5359 5753 6141 6517 6879 .7224 .7549 .7852 8133 8389 8621 8830 9015 9177 9319 9441 9545 9633 9706 9767 2019 7357 .7673 .7967 8238 8485 8708 8907 90R2 .9236 .9370 .9454 95R2 A None 10 11 B 6 12 18 8508 .8729 8925 9099 9251 9382 9495 9591 .9671 9738 A 9 10 11 B.C D 8 11 9726 9732 . What is the expected project completion time? What is the variance of the project completion time? What is the standard deviation of the project completion time? What is the probability of the project finishing in 33 days or shorter? What is the probability of the project finishing in 28 days or shorter? . Lecture Exercise #15 O Consider the following payoff matrix: State of High Demand Low Demand Nature (Prob. = 0.7) (Prob. = 0.3) Alternative Build Large $150,000 $70,000 Plant $110,000 $90,000 Build Small Plant 0 0 Do Nothing . Without any additional information, what is the best decision? What is the EMV? If perfect information is available, what is the EVPI

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