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BS,MBA, PHD
Adelphi University/Devry
Apr-2000 - Mar-2005
HOD ,Professor
Adelphi University
Sep-2007 - Apr-2017
BUS 515 Week 8 Homework
Problem 6
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Your answer is correct. |
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The Arkade Company has decided to use a 15 percent allowance factor based on job time. Calculate the standard time for each work element and for the total job. The frequency equals 1 for all work elements.
(Round your answers to 3 decimal places, the tolerance is +/-0.002.)
Problem 8
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Your answer is correct. |
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The Arkade Company is considering switching to a 15 percent allowance based on time worked. Calculate the new standard time for each work element and for the total job. The frequency equals 1 for all work elements.
(Round your answers to 3 decimal places, the tolerance is +/-0.001.)
Problem 10
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Your answer is correct. |
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The Arkade Company used a 15 percent allowance factor based on job time and 15 percent allowance based on time worked.
Â
What allowance factor is better when all of the jobs an emlpoyee does are similar and have the same allowance factor?Â
Compare standard times and units produced per day based on both allowance factors and decide which of them provides the best result.Â
Click if you would like to Show Work for this question: |
Open Show Work |
Â
Problem 4
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Your answer is correct. |
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Using the following project information, choose the right network diagram.
Activity |
 |
Optimistic Time |
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Most Likely Time |
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Pessimistic Time |
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Immediate |
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A |
 |
3 |
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6 |
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9 |
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none |
B |
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3 |
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5 |
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7 |
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A |
C |
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4 |
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7 |
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12 |
 |
A |
D |
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4 |
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8 |
 |
10 |
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B |
E |
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5 |
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10 |
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16 |
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C |
F |
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3 |
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4 |
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5 |
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D,E |
G |
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3 |
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6 |
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8 |
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D,E |
H |
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5 |
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6 |
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10 |
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F |
I |
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5 |
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8 |
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11 |
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G |
J |
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3 |
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3 |
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3 |
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H,I |
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Â
     Problem 6
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Your answer is correct. |
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     Using the following project information, calculate the variance for each of the project activities.
Activity |
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Optimistic Time |
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Most Likely Time |
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Pessimistic Time |
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Immediate |
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A |
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3 |
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6 |
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9 |
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none |
B |
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3 |
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5 |
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7 |
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A |
C |
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4 |
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7 |
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12 |
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A |
D |
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4 |
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8 |
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10 |
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B |
E |
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5 |
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10 |
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16 |
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C |
F |
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3 |
 |
4 |
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5 |
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D,E |
G |
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3 |
 |
6 |
 |
8 |
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D,E |
H |
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5 |
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6 |
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10 |
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F |
I |
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5 |
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8 |
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11 |
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G |
J |
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3 |
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3 |
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3 |
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H,I |
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     (Round your answers to 3 decimal places, the tolerance is +/-0.001.)
Activity |
Variance |
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Problem 8
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Your answer is correct. |
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Using the following project information
Activity |
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Optimistic Time |
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Most Likely Time |
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Pessimistic Time |
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Immediate |
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Variance |
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Expected Time |
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A |
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3 |
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6 |
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9 |
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none |
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1.000 |
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6.00 |
B |
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3 |
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5 |
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7 |
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A |
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0.444 |
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5.00 |
C |
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4 |
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7 |
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12 |
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A |
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1.778 |
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7.33 |
D |
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4 |
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8 |
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10 |
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B |
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1.000 |
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7.67 |
E |
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5 |
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10 |
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16 |
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C |
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3.361 |
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10.17 |
F |
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3 |
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4 |
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5 |
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D,E |
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0.111 |
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4.00 |
G |
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3 |
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6 |
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8 |
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D,E |
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0.694 |
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5.83 |
H |
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5 |
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6 |
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10 |
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F |
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0.694 |
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6.33 |
I |
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5 |
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8 |
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11 |
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G |
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1.000 |
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8.00 |
J |
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3 |
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3 |
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3 |
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H,I |
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0.000 |
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3.00 |
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The critical path is A-C-E-G-I-J.
(a) Calculate the probability that the project will be completed in 38 weeks.
P(project ≤ 38) =Â
(b) Calculate the probability that the project will be completed in 42 weeks.
P(project ≤ 42) =Â
Â
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