b. Simulate 5 project completion experiences using random numbers from Appendix B. What is the expected project

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b. Simulate 5 project completion experiences using random numbers from Appendix B. What is the expected project duration time?

16.16. Consider the travel network shown in Figure 16.12 in which the probabilities of selecting a route from each node are shown in parentheses.

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Service Management Operations Strategy Information Technology

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Authors: James A Fitzsimmons Mona J Fitzsimmons

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b. Simulate 5 project completion experiences using random numbers from Appendix B. What is the expected project duration time? 16.16. Consider the travel network shown in Figure 16.12 in which the...
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a. Develop a Monte Carlo simulation model that can be used to generate a distribution of project completion times (longest path from node 1 to 8).
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b. Simulate 5 project completion experiences using random numbers from Appendix B. What is the expected project

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Service Management Operations Strategy Information Technology

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