
Service Management 7th Edition by James Fitzsimmons, Mona Fitzsimmons
Edition 7ISBN: 9780071289276
Service Management 7th Edition by James Fitzsimmons, Mona Fitzsimmons
Edition 7ISBN: 9780071289276 Exercise 19
The project network for building a garage is shown in Figure 16.11 and includes data on activity times and their deviations.
a. Develop a Monte Carlo simulation model that can be used to generate a distribution of project completion times (longest path from node 1 to 8).
b. Simulate 5 project completion experiences using random numbers from Appendix B. What is the expected project duration time?

a. Develop a Monte Carlo simulation model that can be used to generate a distribution of project completion times (longest path from node 1 to 8).
b. Simulate 5 project completion experiences using random numbers from Appendix B. What is the expected project duration time?

Explanation
a.
Random numbers are drawn for eac...
Service Management 7th Edition by James Fitzsimmons, Mona Fitzsimmons
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