Final Exam for ABM 57(Take Home)

Ag. Econ 38/ABM 57

Questions:

1. Explain each component in project evaluation such as:

            Inputs

            Outputs

            Effects

            Impacts

    How this different components could relate in each other?

2. Discuss briefly the following that affect most start-up business.

        a. Inventory mismanagement

        b. Poor location

        c. Competition

3. How the risky-taking ventures will become less risky during project implementation in terms of?

        a. ensure adequate capitalization

        b. Don't give away your equity

        c. Pay for  performance, especially for long-term performance

4. How the socio-economic study will be the basis of accepting and rejecting the business?

5. How the organization and management can affect to the success and failure of the business organization?

Note: Submission will be not latter than on Tuesday 18, 2011

ABM 57 Production Management

1. One criticism of PERT's use of probability is that the probability of a pro completion on a given date is based upon the standard deviation of activities along critical path. Yet the probability of completion by the same date along a noncritical path may be a lesser value. Consider the following project:

                Most                 Most         Most

                optimistic         likely         pessimistic

Activity time                 time         time             Predecessors

A         3                 6         9             None

B         2                 5         8             None

C         2                 4         6             A

D         2                 3         10             B

E         1                 3         11             B

F         4                 6         8             C,D

G         1                 5         15             E

Required:

    1. Construct the PERT of the above information.

    2. Determine the Critical Path of the project.

2. Transportation Problem

3. Transportation Problem

Note: Submit your answers not latter than Tuesday 18, 2011.