Isqs 3

ISQS 3344 HW 3 Fall 2010
1. Consider the following project information.

Activity
Time Immediate
Activity (weeks) Predecessor(s)
A 3 none
B 4 A
C 2 B
D 5 B
E 10 C, D
F 3 E
G 6 E
H 5 G, F
What is the critical path?
A ABCEGH ABCEGH 30
B ABCEFH ABCEFH 27
c ABDEGH correct ABDEGH 33
D ABDEFH ABDEFH 30
ES 7 EF 9 ES 22 EF 28
ES 0 EF 3 LS 10 LF 12 ES 12 EF 22 LS 22 LF 28
LS 0 LF 3 LS 12 LF 22
ES 3 EF 7
LS 3 LF 7
ES 7 EF 12
LS 7 LF 12 ES 22 EF 25
LS 25 LF 28
2. What is ES and EF for E? 3. What is LS, LF for C?
a.12,22 A. 7, 9
B. 9, 12 B. 8, 21
C. 14, 18 C. 12, 22
D. 22, 25 d.10,12
E. 10, 22 E. 6, 13
4. What is the activity slack for C?

A. 4
B. 10
c.3
D. 0
E. 6
5. If as a project manager you see that Activity F is going to take 3 extra weeks,
what should you do?
A. Nothing
B. Apply more resources to Activity F
C. Tell the customer that the project is going to be late.
D. Not enough information to tell
e. Watchful waiting
6. XYZ Company has issued the following financial data for 2007:calculated
Revenue (billions) 66.6

CGS (billions) 48.5
Average Inventory Value (billions) 26
Average Accts. Receivable (billions) 6.02
Accounts Payable (billions) 2.65
What is the Cash to Conversion Cycle for 2005 and is it self funding?
Inventory Turnover
Total
= CGS/Average Inventory Value
1.87 Times per Year 48.5/ X
Inventory Days Supply = 365 days/Inventory Turnover

195.67 Days Inventory Kept On Average 365 / C77
Accounts Receivable TurnoverTotal

= Revenue/Average Accts. Receivable
11.06 Times per Year 66.6/6.02
Accts. Rec. Days Supply = 365 days/Accts. Rec.Turnover

32.99 Days To Receive Accts Rec. on Average
365/11.06131229
Accts. Payable Turnover = Total Revenue/Average Accts. Payable

25.13 Times Per Year 66.6/2.65
Accts. Payable Days Supply =365/Accts. Payable Turnover

14.52 Days to Pay Accts. Payable On Average
365/25.1320755
Cash To Conversion Cycle = (IDS + ARDS) - APDS
214.14 Days Not self funding (C80+32.9924925)-14.5232733
7. A company is about to select a vendor for the outsourcing of all of its engineering, environmental, a
identified four criteria critical to the selection. These criteria, and their importance weights, appear be
have indicated that they are interested in this position. The company has scored each of the three can
criteria, using a 1-10 scale, where 10 is best. Candidate A scored 7, 7, 7, and 5 on the four criteria.
Candidate C scored 9, 4, 8, and 6. Candidate E scored 5, 10, 10, and 7. Which vendor has the highest
Criterion Weight
Engineering expertise 0.4
Financial and managerial
0.2
strength
Integrity 0.15
Staff experience and
0.25
qualifications
!
8. Simuelson Industries can produce its own motors for a $60,000 fixed monthly cost and a
$30 variable cost per unit. Alternatively, Simuelson Industries can purchase the motors from an
outside supplier for an extra fixed cost of $46,000 per month and a $58 variable cost per unit.
a. What is the indifference point?
b. What option should be chosen if monthly demand is 501 units?
501 units indifference point
Outsource Insource Outsource Fixed Cost

FC+(VCxQ) = FC+(VCxQ) 46,000
Outsource Variable Cost
58
Indifference Point = 500.00 Insource Fixed Cost
60,000
Insource Variable Cost
30
Outsource
501 units 75058 (58 x 501)+46000
Inhouse
501 units 75030 correct (501 x 30) + 60000
9. Consider a single-server queuing system. If the arrival rate is 25 customers per hour and
it takes 3 minutes on average to serve a customer, what is the average waiting time in the waiting
line in minutes?
a waiting time continually increases
B -0.25 lambda 25 per hour rho 1.25
C 2.29 mu 20 per hour W -0.2
D 1.02 -0.25
E -1.02
10. Consider a single-server queuing system. If the arrival rate is 90 units per hour, and each custome
on average to be served, what is the average number of customers in the system. Should they add se
a 19, probably
B 1.12, not enough info lambda 90
C 2.34, yes mu 94.74 38 seconds
D 12.9, yes
E 2.34, no custs in system 19
11. Consider a single-server queuing system. If the arrival rate is (x) units per hour, and each custome
to be served, what is the average time in the system to include service (answer in minutes to 2 decim
calculated
lambda 43
mu 90 40 seconds 3600/40
1/(90-(x) 0.02 D189x60
12. Consider a single-server queuing system. If the arrival rate is (x) units per hour, and each custome
to be served, what is the average # of customers in the line? Answer to 2 decimal places.
Calculated
20 lambda
3600/36 100 mu 36 seconds
rho 0.2 (X)/100

L 0.25 (X)/(100-(X))
answer 0.05 G197-G198
ES 22 EF 28
LS 22 LF 28
ES 28 EF 33
LS 28 LF 33
06131229
2.9924925)-14.5232733
ngineering, environmental, and CAD requirements. It has

portance weights, appear below. Three firms, A, C, and E,
scored each of the three candidates on these
and 5 on the four criteria.
hich vendor has the highest composite score?
onthly cost and a
ase the motors from an
ariable cost per unit.
omers per hour and

aiting time in the waiting
25/20
1/(20-25)
I1.25 x -0.2
per hour, and each customer takes 38 seconds

system. Should they add servers?
3600/38
per hour, and each customer takes 40 seconds on average
nswer in minutes to 2 decimal places)?
per hour, and each customer takes 36 seconds on average

decimal places.
(X)/(100-(X))
G197-G198

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ISQS 3344 HW 3 Fall 2010

1. Consider the following project information.

2. What is ES and EF for E? 3. What is LS, LF for C?

4. What is the activity slack for C?

Revenue (billions) 66.6

Inventory Days Supply = 365 days/Inventory Turnover

Accounts Receivable TurnoverTotal

Accts. Rec. Days Supply = 365 days/Accts. Rec.Turnover

Accts. Payable Turnover = Total Revenue/Average Accts. Payable

Accts. Payable Days Supply =365/Accts. Payable Turnover

Outsource Insource Outsource Fixed Cost

rho 0.2 (X)/100

ngineering, environmental, and CAD requirements. It has

omers per hour and

per hour, and each customer takes 38 seconds

per hour, and each customer takes 36 seconds on average

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