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.