Question: QUESTION 1 [45 points] A new product design project has four activities (Specify Requirements, Conceptual Design, Prototype Development, and Testing) that must be performed
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QUESTION 1 [45 points] A new product design project has four activities (Specify Requirements, Conceptual Design, Prototype Development, and Testing) that must be performed sequentially. The Specify Requirements activity is estimated to take 4 weeks to complete. Completing the Conceptual Design activity is expected to take between 7 and 11 weeks (Continuous Uniform Distribution). The time required to complete the Prototype Development activity can be described by a discrete distribution shown in the figure. The Testing activity is estimated to be completed in 3 weeks. Construct a simulation model to estimate the length of the project. A) Develop your parameters section to generate random values for the Conceptual Design activity. [8 points] B) Develop your parameters section to generate random values for the Prototype Development activity. [8 points] C) Develop your model section to calculate the length of the project. [6 points] Length Specify Requirements + Conceptual Design + Prototype Development +Testing = D) Run 1000 simulation trials using a one-way data table. [8 points] E) Calculate the average length based on 1000 simulation trials. [7 points] F) Calculate the probability that the project will be completed in 25 weeks or less on 1000 simulation trials. [8 points]
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