Quantitative Analysis for Business Decision
Individual Assignment
Instructions;
Select only four questions from eight questions
1. Planning a custom written computer projects has following project information (CPM)
Tasks Descriptions Duration (in weeks) Immediate
Predecessor
A High level analysis 3 ------
B Selection of hardware platform 5 A
C Installation and commissioning of hardware 2 B
D Detailed analysis of core module 2 A
E Detailed analysis of supporting modules 2 D
F Programming of core modules 7 D
G Programming of supporting modules 2 E
H Quality assurance of core modules 3 F
I Quality assurance of supporting modules 4 G
J Core module training 3 C, H
K Development and QA of Accounting Reporting 8 E
L Development and QA of management Reporting 6 E
M Development and QA of MIS 9 L
N Detailed training 2 I, J, K, M
Based on the above table, answer the following questions;
A. Draw the diagram that shows the relationship of the tasks
B. Calculate the project completion time
C. Develop the Early Start (ES) and Early Finish (EF) network
D. Develop the Late Start (LS) and Late Finish (LF) network
E. Calculating Slack Time
1|Page
2. Activity list for the Reliable Construction Co. project (solve by PERT)
Optimistic Most Pessimistic Immediate
Tasks Descriptions (O) Likely (M) (P) Predecessor
A Excavate 1 2 3 ____
B Lay the foundation 2 3.5 8 A
C Put up the rough wall 6 9 18 B
D Put up the roof 4 5.5 10 C
E Install the exterior plumbing 1 4.5 5 C
F Install the interior plumbing 4 4 10 E
G Put up the exterior siding 5 6.5 11 D
H Do the exterior painting 5 8 17 E, G
I Do the electrical work 3 7.5 9 C
J Put up the wallboard 3 9 9 F, I
K Install the flooring 4 4 4 J
L Do the interior painting 1 5.5 7 J
M Install the exterior fixtures 1 2 3 H
N Install the interior fixtures 5 5.5 9 K, L
Based on the above table, answer the following questions;
a. Calculating Expected Task Times
b. Draw the diagram that shows the relationship of the tasks
c. Calculate the project completion time
d. Develop the Early Start (ES) and Early Finish (EF) network
e. Develop the Late Start (LS) and Late Finish (LF) network
f. Calculating Slack Time
g. Calculate the variance
3. Sony Company conduct training projects for their employees as presented as; (Solve by CPM)
Tasks Descriptions Duration (in weeks) Immediate Predecessor
A Select location 2 ------
B Obtain keynote speaker 1 ------
C Obtain other speakers 2 B
D Make travel plans for keynote speaker 2 weeks A, B
E Make travel plans for other speakers 3 weeks A, C
F Make food arrangements 2 week A
G Negotiate hotel rates 1 weeks A
H Prepare brochure 1 week C, G
I Mail brochure 1 week H
J Take reservations 3 weeks I
K Prepare handouts 4 weeks C, F
Based on the above table, answer the following questions;
A. Draw the diagram that shows the relationship of the tasks
B. Calculate the project completion time
2|Page
C. Develop the Early Start (ES) and Early Finish (EF) network
D. Develop the Late Start (LS) and Late Finish (LF) network
E. Calculating Slack Time
4. The sequence of activities of families in one selected households are presented as; (By PERT)
Tasks Descriptions Optimistic Most Likely Pessimis Immediate
(O) (M) tic (P) Predecessor
A Dad, Mom, and son arrive home 1 3 4 ____
in the -same car
B Dad and Mom change clothes 3 7 10 A
C Son watches TV 5 9 14 A
D Mom warns up the food* 7 10 14 B
E Dad sets the table 20 20 30 B
F Son does homework** 5 8 12 C
G Mom fixes salad 3 6 8 D
H The family eats dinner 3 5 6 E, F, G
I Dad loads the dishwasher 2 4 5 H
J Mom checks son’s homework 3 5 7 H
K Son practices (insert musical 2 4 6 H
instrument name here)
L All go to son’s basketball game 3 5 7 I, J, K
M All wash up and go to bed 2 5 8 I
Based on the above table, answer the following questions;
A. Calculating Expected Task Times
B. Draw the diagram that shows the relationship of the tasks
C. Calculate the project completion time
D. Develop the Early Start (ES) and Early Finish (EF) network
E. Develop the Late Start (LS) and Late Finish (LF) network
F. Calculating Slack Time
G. Calculate the variance
5. Suppose we have to allocate 5 Activities (1, 2, 3, 4 and 5) between 5 people (Tamiru,
Tolesssa, Amare, Ahmed and Fayisa). The entries in table denote the costs of assigning a task
to each person. Each person only perform each activity. The costs are presented as following;
Activities
Activity 1 Activity 2 Activity 3 Activity 4 Activity 5
Tamiru 12 14 17 13 10
Tolessa 9 18 16 16 13
Amare 15 16 9 11 11
Ahmed 14 12 13 15 12
Faysa 10 15 17 13 17
A. Find the optimal activity assignments to each person by Hungarian Method.
B. What is the total cost
3|Page
6. W/ro Almaz wants to participate on the general wholesale business. She buy the products in
large amount and sell to retailers.
State of nature
Decision Good economic condition Poor economic condition
Purchase warehouse 1,000,000 800,000
Build warehouse 850,000 650,000
Lease warehouse (total cost of lease) 750,000 600,000
A. Which decision is best on the bases of Maximax criteria?
B. Which decision is the best decision based on the Maximin criteria?
C. Which decision is best decision based on the Minimax Regret criteria?
D. Which decision is best decision based on the Hurwicz criteria?
E. Which decision is best decision based on the Equal Likelihood (Laplace) criteria?
Use α= 0.6 if it required
7. A company has four terminals u, v, w and x. at the start of particular day 10, 4, 6 and 5 trailers
respectively are available at these terminals. During the previous night 13, 10, 6, 6 trailers
respectively loaded at plant A, B, C and D. the company dispatcher has come up with the costs b/n
the terminals and plants as follows.
Plants
Terminals A B C D
U 20 36 10 28
V 40 20 45 20
W 75 35 45 50
X 30 35 40 25
i. Develop an initial feasible solution using the LCM method, compute the total cost for this
solution
ii. Compute optimal solution using stepping stone method
8. Three factories, A, B and C produce sugar and the capacity of each factory is given below:
Factory A produces 250 tons of sugar, B produces 350 tons of sugar and C produces 400 tons
of sugar. The sugar has demand in four markets X, Y, Z and W. The demand of market X is
200 tons, that of market Y is 300 tons, the demand of market Z 350 tons and the demand of
market W is 150 tons. The following matrix gives the transportation cost of 1 ton of sugar
from each factory to the destinations
Find the initial basic feasible solution of the following transportation problem by North-
West corner method and optimize the solution using U_ V Method (MODI) using
X Y Z W Supply
A 3 1 7 4 250
B 2 6 5 9 350
C 8 3 3 2 400
Demand 200 300 350 150
4|Page
