Answered step by step
Verified Expert Solution
Question
1 Approved Answer
blackboard.ktupm.edu.sa 0 0 0 Course Content - 192-65-447-03(G.... Assignments - 192-ISE-303-01(Opera https://blackboard. fupm.edu.sa/abcs... https://blackboard.fupm.edu.sa/bbes... micrsoft teams - Google Search (3) WhatsApp + CPM (10 points)
blackboard.ktupm.edu.sa 0 0 0 Course Content - 192-65-447-03(G.... Assignments - 192-ISE-303-01(Opera https://blackboard. fupm.edu.sa/abcs... https://blackboard.fupm.edu.sa/bbes... micrsoft teams - Google Search (3) WhatsApp + CPM (10 points) 1. A company is in the process of preparing a budget for launching a new product. The following table provides the associated activities and their durations. Construct the project network. Activity Predecessor(s) Duration (days) A Forecast sales volume 10 B Study competitive market C Design item and facilities A D Prepare production schedule C E Estimate cost of production D F Set sales price B, E G Prepare budget E, F a. Compute network. b. Find carliest & latest occurrence times for each event. c. Find critical path, minimum duration to complete the project and identify critical activities and non-critical activities. d. For the non-critical activities, compute total and free float and identify red flag activities. c. Create the time-schedule for all the activities. GOAL PROGRAMMING (25 points) 2. The NW Shopping Mall conducts special events to attract potential patrons. Among the events that seem to attract teenagers, the young/middle-aged group, and senior citizens, the two most popular are band concerts and art shows. Their costs per presentation are $1500 and $3000, respectively. The total (strict) annual budget allocated to the two events is $20,000. The mall manager estimates the attendance as follows: Number attending per presentation Event Teenagers Young/middle-age Seniors Band concert 200 100 0 Art show 0 4 00 250 The manager has set minimum goals of 1500, 450, and 900 for the attendance of teenagers, the young/middle-aged group, and seniors, respectively. Formulate the problem as a goal programming model. (10 points) blackboard.ktupm.edu.sa 0 0 0 Course Content - 192-65-447-03(G.... Assignments - 192-ISE-303-01(Opera https://blackboard. fupm.edu.sa/abcs... https://blackboard.fupm.edu.sa/bbes... micrsoft teams - Google Search (3) WhatsApp + CPM (10 points) 1. A company is in the process of preparing a budget for launching a new product. The following table provides the associated activities and their durations. Construct the project network. Activity Predecessor(s) Duration (days) A Forecast sales volume 10 B Study competitive market C Design item and facilities A D Prepare production schedule C E Estimate cost of production D F Set sales price B, E G Prepare budget E, F a. Compute network. b. Find carliest & latest occurrence times for each event. c. Find critical path, minimum duration to complete the project and identify critical activities and non-critical activities. d. For the non-critical activities, compute total and free float and identify red flag activities. c. Create the time-schedule for all the activities. GOAL PROGRAMMING (25 points) 2. The NW Shopping Mall conducts special events to attract potential patrons. Among the events that seem to attract teenagers, the young/middle-aged group, and senior citizens, the two most popular are band concerts and art shows. Their costs per presentation are $1500 and $3000, respectively. The total (strict) annual budget allocated to the two events is $20,000. The mall manager estimates the attendance as follows: Number attending per presentation Event Teenagers Young/middle-age Seniors Band concert 200 100 0 Art show 0 4 00 250 The manager has set minimum goals of 1500, 450, and 900 for the attendance of teenagers, the young/middle-aged group, and seniors, respectively. Formulate the problem as a goal programming model. (10 points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started