Introduction to Management Science 12th Edition by Bernard Taylor

Exercise 12

The following table provides the crash data for the network project described in Problem:
The normal activity times are considered to be deterministic and not probabilistic. Using the computer, crash the network to 26 weeks. Indicate how much it would cost the bank and then indicate the critical path.
Problem
The Farmer's American Bank of Leesburg is planning to install a new computerized accounts system. Bank management has determined the activities required to complete the project, the precedence relationships of the activities, and activity time estimates, as shown in the following table:
Determine the expected project completion time and variance and determine the probability that the project wil be completed in 40 weeks or less.