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1. The Foresite Company is screening three new product ideas. Resource constraints allow only one idea to be commercialized at the present time. Based on

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1. The Foresite Company is screening three new product ideas. Resource constraints allow only one idea to be commercialized at the present time. Based on the following subjective criteria, which idea should be commercialized? Factor Weight Markets Quality of life Transportation Suppliers 35 25 20 20 Estimated rating Product A Product B Product C 8 10 6 6 4 8 4 6 8 8 6 8 00 00 00 a 5 points 2. Use the following information to answer the next 4 questions Activity Immediate Predecessor(s) A B D E F Time (Weeks) 3 4 5 6 4 6 A,B A DE a) Draw the precedence relationship diagram and show all related times (activity time, earliest start, earliest finish, latest start, latest finish time). b) What is the earliest completion time of the project? c) What is the critical path of the project? d) What is the slack time for activity A, C, E? 10 points 3. The break-even quantity for a certain kitchen appliance is 6000 units. The selling price is $ 10/unit, and the variable cost is $ 5/unit. If the desired profit for selling this appliance is $ 5000, how many units must be sold? 5 points

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