MM305 UNIT 9 Project: Project Analysis and Forecasting: Application of Decision Models, Statistical Methods, and Optimization Techniques
Application of decision models and statistical methods in project forecasting.
Hannah Perez
Contributor
4.9
57
about 1 month ago
Preview (5 of 14)
Sign in to access the full document!
MM305 UNIT 9 PROJECT
1
MM305 UNIT 9 Project: Project Analysis and Forecasting: Application
of Decision Models, Statistical Methods, and Optimization Techniques
Name:
Directions:
• In this project you will be using the States Data file that is found in Doc Sharing
under the Instructor-Graded Projects:
• Steps for accessing the States Data file:
1. Open your Excel with PhStat2
2. Click File—Open
3. Select the States Data file
• Not all questions require the use of technology or the States Date file.
• You may insert your answers, including any charts, graphs, or output, on this
document.
• Be sure to put your name on this document and save it to your computer.
1. Allen Machines specializes in developing weed-harvesting equipment that is used to clear
small lakes of weeds. Allen Machines is contemplating the construction of a machine that
would harvest weeds on narrow rivers and waterways. The activities and time in weeks
necessary to build one of these experimental machines are shown in the table below.
Activity Immediate Predecessors Time in Weeks
A none 6
B none 5
C A 3
D A 2
E B 4
F B 6
G C,E 10
H D,F 7
1. What is the minimum possible time required for completing the project?
19 weeks. This is the minimum time needed for completing the longest path in project-
ACG or BEG, i.e. 6+3+10 or 5+4+10. Kindly refer to the chart included here:
1
MM305 UNIT 9 Project: Project Analysis and Forecasting: Application
of Decision Models, Statistical Methods, and Optimization Techniques
Name:
Directions:
• In this project you will be using the States Data file that is found in Doc Sharing
under the Instructor-Graded Projects:
• Steps for accessing the States Data file:
1. Open your Excel with PhStat2
2. Click File—Open
3. Select the States Data file
• Not all questions require the use of technology or the States Date file.
• You may insert your answers, including any charts, graphs, or output, on this
document.
• Be sure to put your name on this document and save it to your computer.
1. Allen Machines specializes in developing weed-harvesting equipment that is used to clear
small lakes of weeds. Allen Machines is contemplating the construction of a machine that
would harvest weeds on narrow rivers and waterways. The activities and time in weeks
necessary to build one of these experimental machines are shown in the table below.
Activity Immediate Predecessors Time in Weeks
A none 6
B none 5
C A 3
D A 2
E B 4
F B 6
G C,E 10
H D,F 7
1. What is the minimum possible time required for completing the project?
19 weeks. This is the minimum time needed for completing the longest path in project-
ACG or BEG, i.e. 6+3+10 or 5+4+10. Kindly refer to the chart included here:
Preview Mode
Sign in to access the full document!
100%
Study Now!
XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat
Document Details
University
Kaplan University School of Business and Management
Subject
Business Management