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Management Science

1. A project consists of six tasks. Task A is scheduled tobegin at the start of Week 1 and finish at the end ofWeek 4. Task B is scheduled to begin at the start ofWeek 1 and finish at the end of Week 2. Task Cis sched-uled to begin at the start of Week 3 and end at the endof Week 4. Task D is scheduled to begin at the start ofWeek 1 and end at the end of Week 1. Task E is sched-uled to begin at the start of Week 2 and end at the endof Week 4. Task F is scheduled to begin at the start ofWeek 4 and end at the end of Week 4. The budgetedcost for Task A is $10,000, for Task B is $2,000, for TaskC is $3,000, for Task D is $1,000, for Task E is $6,000,and for Task F is $4,000. At the end of the third week,Task A is 80% complete, Task B is 100% complete, TaskC is 40% complete, Task D is 100% complete, Task E is55% complete, and Task F has not started. What is theSPI for the project at the end of the third week?

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Question 44388

Management Science

Question 4: Parts (a), (b) and (c): Maximum of 200 Words each (600 in total). This answer may by supported by a numeric example which will not contribute to the word count.
Imagine that you have been asked to plan a project to build a new supermarket close to Aberdeen.In your own words, describe and critically discuss how you might be able to deliver the projectsooner using the following three methods.
(a)'Crashing' the network
(b)'Restructuring' the network
(c)'Respecifying' the project
In answering this question, you should illustrate your understanding of each technique with anoriginal example(s) relating to the construction of a supermarket.

Management Science

Question 3: Part (a) Maximum 250 Words; Part (b) Maximum 250 Words; Part (c) Maximum 150Words. This answer may by supported by numeric examples which will not contribute to the wordcount.
In your own words, explain and critically evaluate the use of the following methods of choosing between two competing projects. In each case, describe in detail how each is calculated illustrating your answer with original numeric examples.
a)Payback
b)Net Present Value (NPV)
c)Internal Rate of Return (IRR)

Management Science

In your own words, describe and critically discuss how UK operator of a high hazard petrochemicals facility (similar to BP's Texas city refinery) might discharge its responsibilities under the Health and Safety at work act (1974) and Control of substances hazardous to health COSHH legislation (2002). In answering this question, you should illustrate your points with relevant examples.

Management Science

Piper Alpha disaster (1976) and the Texas City refinery explosion (2005) were reviewed on the course. The Piper Alpha disaster took place on an oil and gas platform in the North Sea and the Texas City refinery explosion took place within a petrochemicals process near Texas City. The facilities were operated by different companies, but the incidents had much in common. Consider the Piper Alpha and Texas City disasters and identify any common causes that contributed to both disasters.
In your own words, describe how these deficiencies contributed to the original disasters and critically discuss how such deficiencies might be prevented and/or mitigated against to prevent similar disasters occurring in other similar installations.

Management Science

Respond to the following in a minimum of 175 words. Remember to in-text cite and then reference materials where required. As a note,most of the initial response questions require demonstrated research.Discuss the Following in a Single Initial Reply:
1) This may seem like an obvious one, but it is important to understand the differences in financial management. Who can describe the difference between cash flow, profit, and net income?
2) What is the definition of working capital in practical terms?Additionally, where do we find working capital in financial statements?
3) Equally important, who can present some basic ideas on where wego when trying to raise capital? Please do not include the questions in your response.

Management Science

5. How does inventory planning determine the best trade-off of the customer and economic value?

Management Science

4. What are the five costs associated with inventories?

Management Science

3. What is the basic purpose of inventories? In what five areas do they provide a buffer?

Management Science

2. Describe the characteristics and differences between qualitative, quantitative, extrinsic,and intrinsic forecasting techniques.

Management Science

1. Describe the purpose of forecasting for strategic business planning, sales and operations planning, and master production scheduling.