Beruflich Dokumente
Kultur Dokumente
Chapter 14
Total cost = FC + VC
Basics: Monte Carlo Simulation.
Revenue = Price* no. of units
Base case: Profit is found by using “Most likely Values”: The middle ones
Worst Case: Profit is found with max cost and minimum demand.
Best Case: Profit is found with min cost and max demand. Expected freq= Prob *10
ES = Earliest Short Time Work forwards For initial activities, ES=0, ES = Max (immediate predecessor’s EFs)
EF = Earliest Finish Time EF = ES + T
LS = Latest Start Time Work Backwards For final activities, LF = EF of its own node , when there are 2 end node;
choose the higher
LF = Latest Finish Time LS = LF -t LF= Min (immediate successor LS)
Note : The EF of the final activity before the finish node, is the time needed to finish the project. (If there are two choose
the bigger number.
Slack time: the length of time an activity can be delayed without delaying the entire project.
Slack = LS –ES
In order to find the critical path, we need to find the slack times of each nodes.
Critical path is along the activities with 0 slack.