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Please assist with attached test paper.

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QUESTION 1 1201 expected coma Planned using PERT with three time estimates. The DECISION ALTERNATIVE STATE OF NATURE expected completion time of the project was determined to be 50 weeks. The variance of the critical path is 36. Stock market GOOD ECONOMY 100000 Y POOR ECONOMY CDs 50000 -15000 What is the probability that the project takes longer than 50 weeks? 23000 10900 What is the probability that the project be finished in 56 weeks or less? (2) Probability 0.85 0.15 What is the probability that the project will take longer than 59 weeks? (3) Which investment alt native would be selected if Mickey Lawson is that there is an 85% chance of finishing on ing on schedule. Thus, there date. What should this dance the project would take ke longer than this due (3 Which investment alternative would be solocted if Mickey Lawson is 1.2 Burger City is the general manager of a project consulting company in el is now used in this company to predict the C. potential project to be embarked on using varioussuits Which investment alternative will maximize the profit to be made by Mickey arked on using various criteria facts of The mathematical mod d. Which investment alternative will imize Mickey Lawson's regret? uccessful, 82% of the time, the model predicted there wo Which investment alternative will minimize the opportunity lost by Mickey 18% of the time, the model predicted the failure of such projet applied. 30s of . successful when the mathematic How much should Mickoy Lawson pay to a decision expert to obtain a while 70% of the time it was accurate and predicted nd predicted unsuccessful proie perfection information about this decision making problem? acuna model is used in a new project consulting company in Cape Town and the model predict that the project in this company will be successful: What is the pro ability that the project cessful? QUESTION 3 What is the pro (3) 3.1 A company manufactures two (2) products A and B, which sells for R53 QUESTION 2 of the market state they are addressed to, and it is also supposed that any [19 produced quantity can be sold. For the manufacturing aring of these products The following payoff table give the profits ofits that would be realized during the Your types of raw materials are required. The prices of raw materials, the next year for each of three investment alternatives Mickey is considering: available quantities within a certain time period are on the corresponding Raw Material Unit Price Products QUESTION 4 (Rand) Available raw material units The following costs have been an estimated for the activities in a project ACTIVITY IMMEDIATE PREDECESSORS TIME (DAYS) |COST (RAND) The company's goal is to determine the quantities of each product which 12000 should be produced in order to achieve the highest profit. 6000 mi mojo of thie comarrear Programming (LP) model that will max it will maximize the profi b. Solve this LP using the graphical method. 32 iring Project Construction would like to determine the Determine the critical path of the project. past expensive way or connecting houses it is building with cable tv.4 Develop a cost schedule based on earliest start times. es. The cost in hundreds of dollars and the branches are Develop a cost schedule ba summarized in the following table. BRANCH START NODE END NODE COST (R100s) QUESTION 5 in a particular project, four project activities may be performed by any of the four workers (within different age brac packets) available for this pro The hours required by each worker to carry out each project activity are presented in the following table. PROJECT ACTIVITIES Tebogo Kagiso Boitumelo What is the least expensive way to run cables to the houses? The project manager would like to assign project activities to the available workers so that the total time required to complete this project is minimized. Find the best assignment solution