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Take Home Quizz - Exec HM

The document contains questions regarding quantitative techniques for business including transportation problems, project management techniques like CPM/PERT, simulation, and generating random variables. Specifically, it involves: 1) Solving a transportation problem to find optimal shipping solutions between origins and destinations; 2) Drawing precedence diagrams and calculating project durations and critical paths for 3 projects; 3) Using random numbers to simulate sales data and order amounts based on given probabilities and distributions.

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590 views5 pages

Take Home Quizz - Exec HM

The document contains questions regarding quantitative techniques for business including transportation problems, project management techniques like CPM/PERT, simulation, and generating random variables. Specifically, it involves: 1) Solving a transportation problem to find optimal shipping solutions between origins and destinations; 2) Drawing precedence diagrams and calculating project durations and critical paths for 3 projects; 3) Using random numbers to simulate sales data and order amounts based on given probabilities and distributions.

Uploaded by

beshfrend'z
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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MGM 3163 QUANTITATIVE TECHNIQUE FOR BUSINESS TAKE HOME QUIZZ Transportation simplex method Q1 The following table

shows the unit shipping cost between cities, the supply at each origin, and the demand at each destination. Origin Taiping Ipoh Lumut Demand Putrajaya 8 5 3 150 Destination Bangi Serdang 6 12 5 10 2 9 60 45 Puchong 9 8 10 45 Supply 100 100 100

a. Use the minimum cost method to find an initial feasible solution. b. Use the transportation simplex method to find an optimal solution. c. Refer to your solution in part (b) does an alternative optimal solution exist? If so, find the alternative optimal solution. What happen to the total transportation cost associated with this solution? d. Refer to your solution in part (b) Interpret your result on each unoccupied cells. Programme Evaluation Review Technique/Critical Path Method Q2 The Owner of Jusco Puchong Branch is planning to modernize and expands the current facilities. The project is expected to provide room for 8 to 10 new business. The activities and the predecessors are as follows: Activity Activity Description A B C D E F G H I Prepare Architectural drawing Identify potential new tenants Develop prospectus for tenants Select contractor Prepare building permits Obtain approval for building permits Perform construction Finalized contracts with tenants Tenants move in Immediate Predecessor A A A E D,F B,C G,H Activity Time (weeks) 5 6 4 3 1 4 14 12 2

a. Draw the precedence diagram b. How long will the project take to complete?

c. Which activities are critical and must be completed exactly as scheduled to keep the project on schedule? d. How long can the noncritical path activities be delayed before they cause an increase in the completion time for the project

Q3 To complete the wing assembly for an experimental aircraft, Asiacraft Company has laid out the major steps and seven activities involved. These activities have been labeled A through G in the following table, which also shows their estimated completion times (in weeks) and immediate predecessors. Activity A B C D E F G a. b. c. d. e. a 1 2 4 8 2 4 1 m 2 3 5 9 5 5 2 b 3 4 6 10 8 6 3 Immediate predecessors A B C,D B E

Draw the precedence diagram Determine the critical path and the expected project length What is the probability that the project will finish in 17 weeks or less? What is the probability that the project will finish in 18 weeks or less? What is the probability that the project will finish in 20 weeks?

Q4 Development of a new deluxe version of a particular software product is being considered by online solution company. The activities necessary for the completion of this project are listed in the following table: Act. A B C D E F G Normal time (weeks) 4 2 3 8 6 3 4 Crash time (weeks) 3 1 3 4 3 2 2 Normal cost (RM) 2,000 2,200 500 2,300 900 3,000 1,400 Crash cost (RM) 2,600 2,800 500 2,600 1,200 4,200 2,000 Immediate predecessor(s) A B C D,E

a. What is the project completion date? b. What is the total cost required for completing this project on normal time?

c. If you wish to reduce the time required to complete this project by 1 weeks, which activity should be crashed, and how much will this increase the total cost? d. If you wish to reduce the time required to complete this project by 5 weeks, which activity should be crashed, and how much will this increase the total cost? e. What is the maximum time that can be crashed? How much would costs increase? Q5 Refer to the following information for project X :
7 A
START

3 B 2 E D END

6 C

Activity A B C D E

Normal Time (Days) 7 3 6 3 2

Crash Time (Days) 4 2 4 1 1

Normal Cost (RM) 500 200 500 200 300

Crash Cost (RM) 800 350 900 600 550

a. What is the expected completion time? b. If the management wants the project to be completed in 10 days, which activities should be crashed and what is the crash cost? c. If the management want to crash the cost to the maximum, which activities should be crashed, what is the crash cost and what is the total project cost?

Q6 Determine the least cost of reducing the project completion date by 3 months based on the following information
A Start B C Finish

ACT A B C D E

Normal time (month) 6 7 7 6 9

Crash time Normal (months) cost (RM) 4 5 6 4 8 2000 3000 1000 2000 8800

Crash cost 2400 3500 1300 2600 9000

Simulation Q7 The sales of laundry detergent in a large grocery store have been recorded as follows
Sales (unit) Probability

0 1 2 3 4 5 6 a.

0.08 0.12 0.28 0.24 0.14 0.10 0.04

Suppose that the following random numbers were obtained using Excel: 0.4627, 0.8745, 0.4479, 0.6712, 0.4557, 0.8435, 0.2162, 0.1699, 0.1338, 0.2278. What are the sales value generated for each day? What are the total sales over the 10-day period?

b.

Q8 Greenfields is a mail order seed and plant business. The size of orders is uniformly distributed over the interval from $25 to $80. Use the following random numbers to generate the size of 10 orders. .41 .99 .07 .05 .38 .77 .19 .12 .58 .60

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