Refer to the previous question. Create a spreadsheet model to simulate the completion times for Koenes move.
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Refer to the previous question. Create a spreadsheet model to simulate the completion times for Koene’s move. Assume that activity times follow a triangular distribution and perform 500 replications on the model.
a. Estimate the probability of each activity falling on the critical path. Which activities are most critical?
b. On average, how long should it take to complete the project?
c. Based on your simulation results, estimate the probability that it will take at least 45 days to complete the project.
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Related Book For
Spreadsheet Modeling And Decision Analysis A Practical Introduction To Management Science
ISBN: 167
5th Edition
Authors: Cliff T. Ragsdale
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