Suppose for problem 2, you found a new supplier who could guarantee deliveries, allowing you to change

Question:

Suppose for problem 2, you found a new supplier who could guarantee deliveries, allowing you to change project variance to 9 days.

1. Recalculate the probabilities of finishing the project in 50, 70, and 90 days.

2. What is the due date in this circumstance that will yield a 99% probability of completion?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations Management Managing Global Supply Chains

ISBN: 978-1506302935

1st edition

Authors: Ray R. Venkataraman, Jeffrey K. Pinto

Question Posted: Nov 29, 2018 07:39 AM

See More Questions

Taylor Jenkins jumped out of his chair. Harrington Chemicals, a sales lead that Taylor had been working on for six months, had just placed its first order for 8,000 bottles of Omnigar. To get the...
Timesaver, Inc., produces deluxe and regular microwaves. Recently, Timesaver has been losing market share with its regular microwaves because of competitors offering a product with the same quality...
Harvey Company produces two models of blenders: the Super Model (priced at $400) and the Special Model (priced at $200). Recently, Harvey has been losing market share with its Special Model because...
During one week, four production employees of Martinez Manufacturing Company worked the hours shown below. All these employees receive overtime pay at one and one-half times their regular hourly rate...
In the 2016 tax year, Michelle paid the following amounts relating to her 2014 tax return: Tax deficiency .......................................................... $5,000 Negligence penalty...
Propose a mechanism for the following reaction, an important step in the laboratory synthesis ofproteins: C=CH2 CF3CO2H H.
Demonstrate that, in the case where the x(K) 0 linearly with strike, the implied volatility must necessarily rise asymptotically to infinity. On this basis, explain why any implied volatility...
Mantle Company sponsors a defined-benefit pension plan. The following information related to the pension plan is available for 2008. 2008 Plan assets (fair value), January 1 ........$380,000...
Consider a project that requires an initial investment of $ 105000 and will produce a single cash flow of $ 147 000 in 4 years. a. What is the NPV of this project if the 4 -year interest rate is 4.8...
Pane records depreciation and amortization expense. Use the nearest whole month convention, and the double declining balance method for depreciation and the whole-year convention and the...
You have a project with an expected completion time of 15 weeks and a project variance of 4 weeks. 1. What is the probability the project will be completed in 12 weeks? 2. What is the probability the...
Why do you need to take value into consideration when determining the status of a project?
Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining. Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. BETHESDA MINING COMPANY Balance...
the assessment include developing gantt chart, work breakdown structure and and all task 3 are related to its respective task 2. all the instructions are given in the assignment itself. Assessment...
Mens heights are normally distributed with mean 68.6in. and standard deviation 2.8in. Air Force Pilots The U.S. Air Force required that pilots have heights between 64 in. and 77 in. Find the...
Swain Athletic Gear (SAG) operates six retail outlets in a large Midwest city. One is in the center of the city on Cornwall Street and the others are scattered around the perimeter of the city....
ACC1810 - PRINCIPLES OF FINANCIAL ACCOUNTING Project 11: Chapter 11 - Stockholders' Equity Part B: Financial Statements The accounts of Rehearsal Corporation are listed along with their adjusted...
Match the term to the description. Outcome evaluation Focuses on the accomplishments and impact of a service, program, or policy and its effectiveness in attaining its outcomes set prior to...
In Exercises find the indefinite integral. x(5-x) dx
In the operation of an automated production line with storage buffers, what does it mean if a buffer is nearly always empty or nearly always full?
Consider again the kitty litter ordering policy for Sams Cat Hotel in Problem 7. a. Suppose that the weekly demand forecast of 90 bags is incorrect and actual demand averages only 60 bags per week....
Petromax Enterprises uses a continuous review inventory control system for one of Its SKUs. The following information is available on the item. The firm operates 50 weeks in a year. Demand = 50.000...
In a two-bin inventory system, the demand for three- inch lag bolts during the two-week lead time is normally distributed, with an average of 53 units per week. The standard deviation of weekly...
On April 1, year 1, Mary borrowed $200,000 to refinance the original mortgage on her principal residence. Mary paid 3 points to reduce her interest rate from 6 percent to 5 percent. The loan is for a...
Give a numerical example of: A) Current liabilities. B) Long-term liabilities?
Question Wonder Works Pte Ltd ( ' WW ' ) produces ceramic hair curlers to sell to department stores. The production equipment costs WW $ 7 0 , 0 0 0 four years ago. Currently, the net book value...

Suppose for problem 2, you found a new supplier who could guarantee deliveries, allowing you to change

Question:

Step by Step Answer:

1 Pcompleted within 5...View the full answer

Operations Management Managing Global Supply Chains

Students also viewed these Business questions