Kuwait University Industrial and Management Systems Engineering Department IMSE-372: Project Management and Control Summer Semester - 2021/2022 Dr. Ayedh Almutairi Homework 6 (Due to 11/8/2022) Problem 2: Resource-constrained problem 1. What is the project duration before assigning the resources to the available activities? Which activities are critical? Why? 2. Assume that we have only 3 identical resources that can be assigned to any of the above activities. Develop a loading chart for resources. 3. Can you complete the project on-time without adding more resources? 4. Develop a resource-constrained schedule by using the following heuristics: a. Minimum slack b. Smallest duration c. Lowest identification number Update the early start, late start, and slack for each activity while you are applying this approach. 5. What is the new project duration after applying the heuristics approach? Which activities are now critical? 6. List the order in which you scheduled the activities of the project.
Answers
The project duration before assigning resources to the available activities is the sum of the durations of all activities on the critical path. The critical activities are those with zero slack, indicating that any delay in their completion will directly impact the project duration.
A loading chart for resources can be developed by assigning the three identical resources to the activities in a way that ensures their total demand does not exceed the available capacity.
It is not possible to determine if the project can be completed on time without additional resources without knowing the total duration and resource requirements of the activities.
To determine the project duration before resource assignment, we need to identify the critical path, which is the longest path of dependent activities with zero slack. Activities on this path directly impact the project duration. The activities on the critical path are critical because any delay in their completion will delay the entire project.
The loading chart shows the allocation of identical resources to activities over time. It ensures that the total resource demand does not exceed the available capacity.
Without information on the total duration and resource requirements of the activities, it is not possible to determine if the project can be completed on time without adding more resources.
For more questions like Project click the link below:
https://brainly.com/question/30407333
#SPJ11
Related Questions
Identify whether the following actions or scenarios would likely increase or decrease the natural rate of unemployment. increase natural rate of unemployment : decrease natural rate of unemployment : - Increasing the minimum wage - Extra financial benefits for the unemployed - More funding for government worker training programs - An increase in information about job opportunities
- A large number of young people entering the labor force - An increase in union membership - Reducing workers' collective bargaining rights
Answers
Increasing the minimum wage: Increase natural rate of unemployment - higher wages may lead to fewer job opportunities, as employers may not be able to afford as many workers.
Extra financial benefits for the unemployed: Increase natural rate of unemployment - additional benefits might reduce the urgency to find employment, causing people to remain unemployed longer.
More funding for government worker training programs: Decrease natural rate of unemployment - better-trained workers can find jobs more easily, reducing unemployment.
An increase in information about job opportunities: Decrease natural rate of unemployment - better access to information can help job seekers find suitable positions more quickly.
A large number of young people entering the labor force: Increase natural rate of unemployment - a sudden influx of workers may lead to more competition for jobs, raising the unemployment rate.
An increase in union membership: Mixed effect on natural rate of unemployment - union membership can lead to better job security for members but may also result in fewer job opportunities overall due to higher labor costs.
Reducing workers' collective bargaining rights: Decrease natural rate of unemployment - reducing bargaining power may result in lower wages and, in turn, more job opportunities. However, this may also lead to less job security and lower overall job quality.
To know more about unemployment visit:
brainly.com/question/17272067
#SPJ11
To which level of granularity does the O*NET OnLine database sort its information?
Answers
The O*NET OnLine database is known for its vast collection of occupational information that is designed to help job seekers, students, and employers make informed decisions about careers.
At the highest level, O*NET groups related occupations into 24 major categories, such as Management, Healthcare, and Construction. These categories are then further divided into more specific subcategories, such as Marketing and Sales or Personal Care and Service.
At the next level of granularity, O*NET provides detailed information on individual occupations, including job tasks, skills, and knowledge required for the job, as well as the level of education and experience typically required. This information is updated regularly and provides a comprehensive overview of each occupation.
Additionally, the O*NET database also offers information on industries, job outlook, and wage data. This information is organized to provide a clear understanding of the job market and the opportunities available to job seekers and employers alike.
Overall, the O*NET OnLine database provides detailed information on a variety of career options, allowing users to explore their interests and identify potential career paths with the level of granularity that suits their needs.
For more such questions on database visit:
https://brainly.com/question/5707732
#SPJ11
you have finished identifying potential risks to a project you are managing. you are now listing ways to deal with the potential project risks. for several of the risks, you have determined that the best strategy to use is to reduce the probability or the impact of the risk to the point where it can be accepted. which risk response strategy does this best describe?
Answers
Its alpha, beta, R-squared, sample variance, and Sharpe ratio are the five main risk indicators.
What makes a good manager?Each employee must be managed individually in order to realize their full potential and make the most of their special talents. By getting to know their staff members personally, good managers may increase employee growth and happiness while also encouraging higher success and productivity across the board.
How is your life being managed?In order to handle stress, control your emotions, and take charge of your life, you must change your thinking. Making healthy habits, knowing how to delegate, and setting SMART objectives so you can track your progress are all examples of life management skills.
To know more about managing visit:
https://brainly.com/question/29023210
#SPJ4
Profit is revenue minus expenses. If your profit is $3,000 and your revenue is $50,000, what are your expenses?
Answers
At the least a channel of distribution consists of a producer and a(n) ________.
Answers
At the least a channel of distribution firms consists of a producer and a customer. They are consumers when they use the products that have been produced, the products that have been produced, the products that have been produced.
Producer markets: To make a profit, producers purchase things and services, change them into marketable products, and then sell those products to customers. Farmers, factories, and construction firms are some examples of producers. A producer is in charge of discovering and starting a project, securing funding, employing writers, directors, and other important members of the creative team, and supervising every stage of pre-production, production, and post-production up to release.
To learn more about producer, click here.
https://brainly.com/question/14616889
#SPJ4
prepare a double entry ledger entries January 3 took out of the cash till$50 and put into the business by cheque Jan 4 the proprietor put a further$5000 in to business by cheque .please I need it quick
Answers
Explanation:
In the first entry, $50 is taken out of the cash till and put into the business as drawings. The effect is a decrease in the cash balance and an increase in the drawings account.
In the second entry, the proprietor puts a further $5000 into the business by cheque. The effect is an increase in the capital account and an increase in the bank balance.
It's important to note that "Drawings" and "Capital" are the accounts used to record the personal transactions of the business owner in this case, it is assumed that the business is a proprietorship. Other forms of business may have different accounts to record the personal transactions of the owne
Waterway Industries has a material price standard of $2.00 per pound. 6600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6600 pounds, although the standard quantity allowed for the output was 5200 pounds.
Answers
Answer:
The appropriate solution will be "$1320".
Explanation:
The given values are:
Material's actual quantity
= $6600
Standard price
= $2.00
Actual price
= $2.20
Now,
The material price variance will be:
= Actual quantity (Standard price - Actual price)
On substituting the values, we get
= \(6600(2.00-2.20)\)
= \(6600\times (-0.20)\)
= \(1320\) ($)
the manner in which fdic deposit insurance is set up in the united states encourages banks to
Answers
The FDIC (Federal Deposit Insurance Corporation) deposit insurance program was created to protect depositors in the event of bank failures. It is set up in a way that encourages banks to maintain stability and safety in their operations.
Specifically, banks are required to pay premiums to the FDIC based on the number of deposits they hold.
The higher the amount of deposits, the higher the premiums they must pay.
This means that banks have an incentive to maintain a healthy balance sheet, avoid risky investments, and maintain strong financials in order to minimize the risk of bank failures and thus the need to pay out FDIC insurance claims.
Additionally, the FDIC sets certain requirements for banks to be eligible for deposit insurance, such as maintaining adequate reserves and capital levels.
By meeting these requirements, banks are able to attract depositors who value the safety and security of their deposits, which in turn helps the banks maintain stability and liquidity.
Overall, the way in which the FDIC deposit insurance program is set up encourages banks to operate in a safe and stable manner, which benefits both depositors and the broader financial system.
Know more about FDIC (Federal Deposit Insurance Corporation) here:
https://brainly.com/question/814199
#SPJ11
Tatianna's business just put up a "Now Hiring" sign. Felisha saw the sign and applied for the job. After negotiating her wages and hours , Felisha was hired. This transaction took place where in the circular flow of the economy ?
Answers
The transaction between Felisha and Tatianna's business took place in the labor market within the circular flow of the economy.
The transaction between Felisha and Tatianna's business took place in the labor market within the circular flow of the economy. In this market, individuals like Felisha offer their labor services (supply), and businesses like Tatianna's hire workers (demand). The negotiation of wages and hours and the hiring of Felisha represent the interaction between the demand and supply of labor in the economy. The labor market represents the interaction between individuals seeking employment (labor supply) and businesses or employers offering jobs (labor demand).
To learn more about the labor market click here
https://brainly.com/question/29998425
#SPJ11
You estimate you will need $175,000 per year for 30 years starting on your 65th birthday to live on during your retirement. Today is your 25th birthday and you want to make equal deposits each year, on your birthday, into a retirement account paying 6.50% interest per year, with the first deposit today and the last deposit on your 64th birthday. How much must each deposit be?
Answers
To accumulate enough funds for a $175,000 annual withdrawal during retirement, approximately $2,087.38 should be deposited each year from the 25th birthday to the 64th birthday, considering a 6.50% interest rate.
To calculate the equal deposits needed for retirement, we can use the formula for the present value of an ordinary annuity:
Deposit Amount =\(Annual Withdrawal / [(1 - (1 + Interest Rate)^{(-Number of Years))} / Interest Rate]\)
Plugging in the values:
Deposit Amount = \($175,000 / [(1 - (1 + 0.065)^{(-30))} / 0.065]\)
Deposit Amount ≈ $2,087.38
Therefore, each deposit made on your birthday should be approximately $2,087.38 to accumulate enough funds for the desired annual withdrawal during your retirement.
Learn more about Retirement here:
https://brainly.com/question/28128413
#SPJ4
Credit Union was incorporated in Ghana in July F the authorized capital of 2,000,000 equity shares of no-par value, of which 1,000,000 shares have been issued for a cash consideration of GHé9.5 each. The union has not redeemed, acquired or forfeited any of its shares and there was a movement in the stated capital during the year ended 31 December 2021 The following is the trial balance of the SF Credit Union as at 31 December 2021 Dr GHe'000 Cr GHe¹000 Staff workshop & committee allowances Plant, property & equipment 01/01/2021 Additions to plant, property & equipment Depreciation on PPE 01/01/2021 Exiting members benefits Other account payables Members share capital 01/01/2021 Loans and advances to members Auditors' fees & expenses Chairperson's emoluments Deputy Chairperson's emoluments Cash and short-term funds Other account receivables Members' current accounts. 2,950 22,000 4,250 5,750 14,120 1,300 1,250 3,100 1,590 9,800 7,000 1,600 9,500 3,500 Term deposit (1 year) Members' savings account Interests on savings account & term deposits Statutory reserves 01/01/2021 Provision for impaired loans 01/01/2021 Overdrafts and staff advances Staff emoluments & clothing allowances Interests from short-term funds Interests from loans and overdrafts Administration costs Commission from transfers Operation reserve at 01/01/2021 Total 1,200 1.000 2,600 LAVONO 1,970 00.00 72,880 2,350 1,670 3,900 1,520 15.620 14.870 2.680 8.670 72.880 Additional Information: 1. Provision is to be made for PPE at 12.5% on cost per annum. Allocate all tl deprecat amount to operating, general and administration expenses. 3. As at 31/12/2021, SF Credit Union revalued all its PPE for a loss GHe 1,810,000. This transaction is not shown in the trial balance above. 4. 25% of the net surplus should be transferred to the statutory reserves. 5. Provision for impaired loans should be 10% of the loan balances as at 31/12/2021. 6. Chairperson's allowance in arrears amounted to GH¢800,000. 7. Insurance premiums in advance totaled GHe 1,250,000. Required: Prepare in a form suitable for publication, having regard to the provisions of th Companies' Act 2019, Act 992 and a standard accounting practice together with note and laws where applicable, Brotherly Lover Credit Union's: ). Statement of comprehensive income for the year ended 31 December 2021 5). Statement of changes in equity for the year ended 31 December 2021 ). Statement of financial position as at 31 December 2021 Ignore Chairpersons' Report, Auditors' Report and 2020 comparative fir
Answers
Solution: Statement of Comprehensive Income for the Year Ended 31 December 2021 Particulars earnings per share NotesGHS'000GHS'000Interest income on loans and overdrafts20,160Interest income from short term funds4,200Commission from Transferred income on savings accounts and term deposits720.
Total interest and similar income25,150Interest expense on savings accounts and term deposits(1,000)Interest expense on loans and overdrafts
(6,000)Net interest income18,150Staff workshop and committee allowances
(2,950)Auditors' fees and expenses(1,300)Chairperson's emoluments
(1,590)Depreciation on property, plant and equipment (PPE)14
(2,750)Loss on revaluation of PPE3(1,810) Operating, general and administration expenses(1,670)Net surplus before impairment, provisions, and transfers10,020Provision for impaired loans5,450 Transfer to statutory reserve 25% of net surplus2,505.
Particulars NotesGHS'000GHS'000AssetsCash and short-term funds6,710Other account receivables
15,620Loans and advances to members14,870Plant, property and equipment
14,15,165Less: Accumulated depreciation
(12,000)Total assets25,365Liabilities and Equity Other account payables3,100Exiting members benefits
5,750Members' current accounts
9,800Overdrafts and staff advances
1,670Provision for impaired loans
5,450Total liabilities
25,770EquityShare capital
20,000Statutory reserve
4,855Operating reserve3,745Total equity
28,600Total liabilities and equity25,365
To know more about Earning per share visit:
https://brainly.com/question/24336867
#SPJ11
.A car salesman earns a 7% commission on the price of any car he sells. If he earns $620 on the sale of a car, then he sold the car for a price of $________. Hint: Round to the nearest cent as needed.
**HELP, WILL MARK BRAINLIEST**
Answers
Explanation: $620/.07= $8,857.14
When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D
Answers
Answer: A. Line!
Explanation: On Edge!!
roberto and reagan are both 25-percent owner/managers for bright light incorporated. roberto runs the retail store in sacramento, california, and reagan runs the retail store in san francisco, california. bright light incorporated generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light incorporated is an s corporation, how much income will be allocated to roberto?
Answers
Roberto and reagan are both 25-percent owner/managers for bright light incorporated. Roberto runs the retail store in sacramento, california, and reagan runs the retail store in san francisco, california. bright light incorporated generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light incorporated is an s corporation. The income will be allocated to roberto will be $31,250.
Given that we are aware that Bright Light Inc. generates a total profit of $125,000 and that Robert and Reagan own 25% of the company,
Therefore, if we calculated Robert's income, it would equal
Ownership percentage Equals Total Profit
= $125,000 × 25%
= $31,250
Since Robert's income is based on the ownership structure, ownership share is taken into account while computing it.
Learn more about income at https://brainly.com/question/14253851
#SPJ4
Why do you think brand advocates willingly promote companies via social media? Explain.
Answers
Answer:
As a form of celebrity and endorsement. The company will be viewed by the potential millions of people that follow those brand advocates. This allows the brand to reach a wider audience and raise profits. that is why brand advocates willingly promote companies via social media?
Explanation:
hope this helps. ; )
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
Read more on Furman v. Georgia here:
https://brainly.com/question/4286300
why is training important
Answers
These reasons include:-
Increased job satisfaction and morale among employees.Increased employee motivation.Increased efficiencies in processes, resulting in financial gain.Increased capacity to adopt new technologies and methods.Increased innovation in strategies and products.Reduced employee turnover.what is the importance of inference, psychological safety, and team effectiveness in the design thinking process?
Answers
Design thinking encourages collaboration, flexibility, curiosity, and positivity, creating happy teams and positively influencing the outcome. Through this process, team members feel valued and clients know that their feedback is taken into consideration.
Design is an art shape, a method of human expression that follows a gadget of tremendously evolved processes so that you can imbue objects, performances, and experiences with significance. like any artwork bureaucracy, the layout has the capacity to clear up issues, but there may be no guarantee that it's going to.
An critical part of the definition of the word layout is the reason: to intend for a particular motive, to assign in notion or purpose; a reason or plan of action. design without motive is design without that means or purpose. We accept as true with without a cause there's no design. An instance of design is a plaid sample on a pair of pants.
Learn more about Design here: https://brainly.com/question/1020696
#SPJ1
Describe one accountability issue of a business
Answers
Answer:
Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.
What is a car an example of?
Answers
Answer: a consumer good or a luxury good
Explanation:
Answer:
Any machine that transports people
Explanation:
McLarens is and example of a car
or a Lambo is and example of a car
If a driver with an insurance policy drives infrequently, it can
raise costs.
lower costs.
create risk
share risk.
Answers
Answer: lower cost
Explanation:
An insurance policy is a contract between an insurance company and a policyholder, which helps the policyholder to be able to make claims when there's an accident or death in case of life insurance.
In the above scenario in the question, if a driver with an insurance policy drives infrequently, it can lower costs.
Therefore, the correct option is B.
Answer: Lower cost.
Explanation: This is the correct answer on Edge 2020 ( I just took the quiz and got it right ^-^).
Which of the following could be a demand determinant of cell phones?
Government increases regulations on cell phone manufacturers.
A new model of smart phones is released in the market.
Japanese touch screen factories are destroyed in an earthquake.
Government increases taxes on cellular phone production.
Answers
Answer:
A new model of smartphones is released in the market.
Explanation:
The option that could be a demand determinant of cell phones is when a new model of smartphones is released in the market.
The demand for a product is generally affected by the availability or otherwise of one or more substitute products. That is, products that can offer somewhat the same satisfaction to consumers.
Hence, when a new smartphone is released into the market, the demands for cell phones are generally affected and each cell phone's demand curve changes accordingly.
There are different determinants of demand. The demand determinant of cell phones is when a new model of smart phones is released in the market.
There are different factors that affects the demand for cell phones. They includes; price, product features, relative advantage, convenience, compatibility, brand name etc. All these factors influence consumer intension to purchase cell phone.The mobile phone market is said to be elastic and as such if prices go up fewer people would buy new phones and fewer people would upgrade their existing phones.
Learn more from
https://brainly.com/question/19350638
true or false: with interest-only loans, the principal is never repaid.
Answers
The statement is false. With interest-only loans, the borrower is only required to make interest payments for a certain period of time, typically between 5 and 10 years.
However, after the interest-only period ends, the borrower is then required to make payments that include both principal and interest. This means that the principal will eventually be repaid, but it may take longer than it would with a traditional amortizing loan where principal and interest payments are made simultaneously.
It's important to note that interest-only loans can be risky for borrowers who are not prepared for the increased payments when the interest-only period ends, or for those who may not be able to afford the higher payments due to a change in financial circumstances.
To know more about interest payments visit:-
https://brainly.com/question/13914148
#SPJ11
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 225 Units in ending inventory
Answers
Answer:
Units in ending inventory is 25
Explanation:
The units in ending inventory can be computed using the cost of goods sold formula and rearranging it to make ending inventory the subject of the formula.
Cost of goods sold=beginning inventory+units produced-ending inventory
ending inventory=beginning inventory+units produced-Cost of goods sold
beginning inventory is 0
units produced is 250 units
unit sold is 225 units
ending inventory=0+250-225
ending inventory=25 units
A basic concept in economics is that all resources are
O scarce.
• allocated.
valuable.
O renewable.
Answers
A basic concept in economics is that all resources are scarce. Thus, option a. is the correct answer.
Explain about the basic concept about the economics.
Every person's life includes doing economics on a regular basis in addition to studying it. It serves as a means of balancing the inputs and outputs of money. Whatever it is, one should prepare before the month or count at the end of the month or year, whether it is a small family, a large family, a small commercial enterprise, or a giant organisation. Economics seeks to strike a balance between the unending demands and the finite resources.
After saying this, we'll start talking about the topic of "economics." The pupils who are just beginning their studies in commerce in class XI will find this subject extremely interesting. In essence
To learn more about concept of economics.
https://brainly.com/question/23422992
#SPJ1
Answer:
Option A scarce
Explanation:
If the demand curve shifted more to the right on this graph, which of the following could be the new equilibrium point?
Answers
Answer:
$200
Explanation:
true or false
You should prioritize goals by putting them in order of importance
Answers
Answer:
true
Explanation:
because thats what you should do
Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the sale recorded in the Accounts Receivable subsidiary ledger?
A. It is recorded upon payment
B. as $300 payment
C. as $300 credit
D. as $300 debit
Answers
Investing in a fund is more [Select]
the purpose of a fund is to [Select]
your
money across different investments, where with a single
stock or bond your [Select]
is entirely based
on the performance of that one
[Select]
V
Answers
Investing in a fund is more diversified, the purpose of a fund is to diversify your money across different investments, where with a single stock or bond your risk is entirely based on the performance of that one investment.
What is an investment?An asset or thing is considered an investment if it is bought with the hope that it will bring in money or increase in value over time. Increased wealth or a return on investment, whether in the form of income, capital gains, or both, is the ultimate goal of every investment. Stocks, bonds, mutual funds, real estate, and commodities are some common investment types.
An individual's financial objectives, risk tolerance, and available resources are often taken into account when deciding whether to invest.
A fund's goal is to spread your money over a variety of investments, whereas with a single stock or bond, your risk is totally dependent on the success of that one investment. This makes investing in a fund more diversified.
Learn more on investment here https://brainly.com/question/29547577
#SPJ1
e. when an online real-time (olrt) it processing system is in use, internal control can be strengthened by:
Answers
The separation of roles between data input and error handling procedures can increase internal control when an online real-time (OLRT) IT processing system is in use.
Who was the pioneer of the social audit in India?In India, social audits were first carried out in 1979 by Tata Iron and Steel Firm Limited (TISCO), a company located in Jamshedpur. Social auditing gained more significance following the 73rd Amendment.
What is a real-time online data processing method?Data is processed almost instantly using a technology called real-time processing. There is no waiting or pause involved in this process. These systems process data as soon as it enters, and the processed data is produced. Real-time processing is therefore frequently required.
To know more about online real-time visit:-
https://brainly.com/question/14542620
#SPJ4