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MM305 UNIT 9 Project: Project Analysis and Forecasting: Application of Decision Models, Statistical Methods, and Optimization Techniques

Application of decision models and statistical methods in project forecasting.

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MM305 UNIT 9 PROJECT1MM305 UNIT 9 Project:Project Analysis and Forecasting: Applicationof Decision Models, Statistical Methods, and Optimization TechniquesName:Directions:•In this project you will be using theStates Datafile that is found in DocSharingunder the Instructor-Graded Projects:•Steps for accessing theStates Datafile:1.Open your Excel with PhStat22.Click File—Open3.Select theStates Datafile•Not all questions require the use of technology or theStates Datefile.•You may insert your answers, including any charts, graphs, or output, on thisdocument.•Be sure to put your name on this document and save it to your computer.1. AllenMachines specializes in developing weed-harvesting equipment that is used to clearsmall lakes of weeds.AllenMachines is contemplating the construction of a machine thatwould harvest weeds on narrow rivers and waterways. The activities and time in weeksnecessary to build one of these experimental machines are shown in the table below.ActivityImmediate PredecessorsTime in WeeksAnone6Bnone5CA3DA2EB4FB6GC,E10HD,F71.What is the minimum possible timerequired for completing the project?19weeks.This is the minimum time needed for completing the longest path in project-ACG or BEG, i.e. 6+3+10 or 5+4+10. Kindly refer to the chart included here:

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Document Details

University
Kaplan University School of Business and Management
Course
MM 305
Subject
Business Management

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