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Service Management: Operations, Strategy, Information Technology 8th Edition by James Fitzsimmons,Mona Fitzsimmons,Sanjeev Bordoloi
Edition 8ISBN: 978-1259010651Service Management: Operations, Strategy, Information Technology 8th Edition by James Fitzsimmons,Mona Fitzsimmons,Sanjeev Bordoloi
Edition 8ISBN: 978-1259010651 Exercise 6
The project network for building a garage is shown in Figure 16.11 and includes data on activity times and their deviations.
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).
b. Simulate 5 project completion experiences using random numbers from Appendix B. What is the expected project duration time?
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).
b. Simulate 5 project completion experiences using random numbers from Appendix B. What is the expected project duration time?
Explanation
Verified
Verified
a.
Random numbers are drawn for eac...
Service Management: Operations, Strategy, Information Technology 8th Edition by James Fitzsimmons,Mona Fitzsimmons,Sanjeev Bordoloi
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