Question: Problem 12-09 (Algorithmic) Look at the full numbers before you answer my question A project has four activities (A, B, C, and D) that must
Problem 12-09 (Algorithmic) Look at the full numbers before you answer my question
A project has four activities (A, B, C, and D) that must be performed sequentially. The probability distributions for the time required to complete each of the activities are as follows
| Activity | Activity Time (weeks) | Probability | ||
| A | 3 | 0.27 | ||
| 4 | 0.34 | |||
| 5 | 0.22 | |||
| 6 | 0.17 | |||
| B | 8 | 0.24 | ||
| 10 | 0.53 | |||
| 12 | 0.23 | |||
| C | 13 | 0.07 | ||
| 15 | 0.22 | |||
| 17 | 0.35 | |||
| 19 | 0.20 | |||
| 21 | 0.16 | |||
| D | 7 | 0.59 | ||
| 9 | 0.41 | |||
- Provide the base-case, worst-case, and best-case calculations for the time to complete the project.
Activity Base case Worst case Best case A fill in the blank 1 weeks fill in the blank 2 weeks fill in the blank 3 weeks B fill in the blank 4 weeks fill in the blank 5 weeks fill in the blank 6 weeks C fill in the blank 7 weeks fill in the blank 8 weeks fill in the blank 9 weeks D fill in the blank 10 weeks fill in the blank 11 weeks fill in the blank 12 weeks Total fill in the blank 13 weeks fill in the blank 14 weeks fill in the blank 15 weeks - Use the random numbers 0.1299, 0.9931, 0.836 and 0.6303 to simulate the completion time of the project in weeks.
Activity Random Number Completion Time A 0.1299 fill in the blank 16 weeks B 0.9931 fill in the blank 17 weeks C 0.836 fill in the blank 18 weeks D 0.6303 fill in the blank 19 weeks Total fill in the blank 20 weeks - Discuss how simulation could be used to estimate the probability that the project can be completed in weeks or less. Simulation provides a distribution of project completion times. The
meanpercentage
of times weeks and under can be used to estimate the probability that the project will be completed within weeks.
Look at the full numbers before you answer my question
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