Use a monte carlo simulation to determine the probability


Assignment

A plant engineering group needs to set up an assembly line to produce a new product. The following table describes the relationships between the activities that need to be completed for this product to be manufactured:

Activity

Days

Immediate Predecessors

a

m

b

A

3

6

8

 

B

5

8

10

A

C

5

6

8

A

D

1

2

4

B, C

E

7

11

17

D

F

7

9

12

D

G

6

8

9

D

H

3

4

7

F, G

I

3

5

7

E, F, H

Assume that each activity time is normally distributed with expected time and standard deviation computed as shown in equations 7-6 and 7-8, respectively, on page 283. Round off all activity times to two decimal places.

a) Use a Monte Carlo simulation to determine the probability that the project will finish in 37 days or less.

b) Use a Monte Carlo simulation to determine the probability that the project will take more than 32 days.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Use a monte carlo simulation to determine the probability
Reference No:- TGS02392357

Expected delivery within 24 Hours