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Capital Co. has a capital structure, based on current market values Answer

Capital Co. has a capital structure, based on current market values Answer

Capital Co. has a capital structure, based on current market values, that consists of 50 percent debt, 10 percent preferred stock, and 40 percent common stock. If the returns required by investors are 8 percent, 10 percent, and 15 percent for the debt, preferred stock, and common stock, respectively, what is Capital’s after-tax WACC? Assume that the firm’s marginal tax rate is 40 percent. (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

After tax WACC = %

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MGMT 630 Organizational Theory and Behavior Assignment 5 Leader Profile A+ Answer

MGMT 630 Organizational Theory and Behavior Assignment 5 Leader Profile A+ Answer

 

615-630 Leadership Profile (Research Project)

You will identify a leader you admire and research her or his biography and recent successes.  Your research should include an article in which the leader is interviewed, question/answer format.

You will also research the leader’s organization or company for its mission and recent accomplishments so that you can understand the context or setting for your leader’s success.

Then you will write a longer-form essay.  

Select your leader.

Identify the leader’s company or organization and research its mission, goals and recent activities. Use company or organization websites.  Review articles or media stories about the company. Make notes.

You are to use two (2) models of leadership, with one model being the Path-Goal Theory, for your essay analysis.

Next Steps:

Gather your research, make notes.

Start with one of 5 sections that interests you. Write that section and place it into your assignment document. NOTE: Starting with a section that interests you will help you continue/do the writing needed. This section does NOT have to be the section listed 1st.  After completing that section, complete the other 4 sections.

Below you have analysis sections highlighted to help you track. 

  • Summarize the leader’s early life and education.

Then write new paragraph (s) answering this question: What are two (2) events earlier in life, which may have set the stage for his or her leadership success, based on your research/analysis? Your interview article should be helpful to writing this section.

  • Qualities of leadership that seem to appear more recently in your leader’s career path. Write a section that considers promotions, areas of new responsibility, evidence of trust by those around him or her, expressed comments from your leader about his or her attitude towards others, including respect. (1 or more paragraphs)
  1.  
  • Your leader’s current organization. Pay attention to its mission and if published on a website, identify the corporate values of the organization. Emphasize recent events in the organization that required leadership. (2 or more paragraphs)

In using new paragraph (s) use your judgment about the leader’s strengths to describe or explain the reasons the leader is a good fit for the organization at this time (1-2 paragraphs)

 

  1. Analysis Based on Path-Goal Theory (Northouse, 2013, chapter 7. Explain the primary factors which make up this theory. (1 paragraph)

Compare your leader’s approach to path-goal theory. What factors of his or her leadership seem to align or fit to this theory?  What factors seem to be different than what’s emphasized in Path Goal?  In your writing  use examples from leader research.   (1-2 paragraphs)

 

  • Analysis of Leader Using another Leader Theory: Review the 2nd theory you researched (either Servant Leadership, Chapter 10; or Authentic Leadership, Chapter 11, or another model of leadership from Northouse) and explain the primary factors which make up this theory. (1 paragraph)

Compare your leader’s approach to the 2nd model of leadership from Northouse (selected by you).  What factors of his or her leadership seem to align or fit to this model theory?  What factors seem to be different than what’s emphasized in this model?  (1-2 paragraphs)

 

Finishing: Complete and Edit Your Essay

 

  • Write your conclusion.
  •  
  • Write your introduction. Include a purpose or thesis statement. Insert the introduction into the beginning of the document.
  • Edit using APA format information. There are modules in LEO Content to help you.
  • Submit to Turnitin

 

 

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MGT 340 Business Systems Analysis Week 3 Problems and Exercises Answer

MGT 340 Business Systems Analysis Week 3 Problems and Exercises A+ Answer

Chapter 5, Problems/Exercises, Questions 1 and 3
Questions 1: One of the potential problems mentioned in this chapter with gathering information requirements by observing potential system users is that people may change their behavior when observed. What could you do to overcome this potentially confounding factor in accurately determining information requirements?

Questions 3: Suppose you were asked to lead a JAD session. List ten guidelines you would follow in playing the proper role of a JAD session leader

Chapter 6, Problems/Exercises, Questions 8 and 9.
Questions 8: Consider the DFD in Figure 6-20. List three errors (rule violations) on this DFD.

Questions 9: Consider the three DFDs in Figure 6-21. List three errors (rule violations) on these DFDs.

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MGMT 630 Organizational Theory and Behavior Assignment 4 Interview Assignment and Analytical Essay Answer

MGMT 630 Organizational Theory and Behavior Assignment 4 Interview Assignment and Analytical Essay Answer


Homework: Interview Assignment and Analytical Essay
This assignment helps you focus on an important course goal—identification of cultural values and how they may influence communication expectations for a manager and direct reports.
The assignment has a series of Suggested Calendar Dates that can help you see important scheduling factors. See the LEO Assignment link, “window” for suggested schedule.
Assignment Actions:
1. Select Interviewee
2. Complete your interview using the 2 surveys; then use the survey data for writing your essay.
3. Upload a file of completed survey 1 (about experiences of your interviewee and you) to the LEO assignment link. Survey 2 data will be used to develop comparison tables (charts) for insertion in to the survey.
4. Use Questions on page 2 of this Guide to draft your essay.
5. Edit.
6. Submit to Writing Coach if you wish (optional). Use LEO Assignment “DRAFT” link for Homework 2 for work with the Writing Coach.
7. Submit to Turnitin for review.
8. Upload final version of your essay to LEO Assignment link, Homework 2 (Interview)

Select Interviewee
Prepare yourself to do an interview of a colleague, whose early life/childhood was spent in a very different location. For instance, if you lived your early childhood in Nigeria, then interview a colleague or friend from the Caribbean or the USA–or somewhere else. Do not interview someone from Nigeria. If you were born in the US, then you ask a work or class mate from Nigeria, or the Caribbean or a place other than the USA. If you are a part of a family that immigrated to the US, interview someone who is not from the country of your family or from a country within the same global region.
Aim to avoid interviewing a person from a different area of the US, if you consider the USA culture to be your primary culture. Yes, regions of the US vary, but you make it harder to complete the comparison of cultures needed for the assignment.
If you are in the military or with a contracting group, and have a top security clearance, then make certain you email me to discuss your interview plans.
Do not interview your boss or a direct report—the existing work relationships make it difficult to complete the assignment. Do not interview a very close friend because you are likely to skip some ideas due to being familiar.
Consider choosing a classmate in this course. You then can exchange interview information quickly. Note: Interviewing a classmate is not required. Neither will a classmate interview influence your assignment or course grade. Assignments are viewed independently.
Do NOT complete your interview by email. Use f2f, phone or an online chat. (LEO has a personal chat option).
Our course text, written by Adler, Chapter 3 helps you think more about cultural information and understanding the steps people go through as they become more familiar with culture and exactly why it is very influential but not easily discussed. Read carefully. You can find a pdf file of the chapter in the LEO Content links>course resources>e-TEXTS (or chapters)>pdf files for Chapters 1-3
Your choice of interviewee is important to being successful in this assignment. If you have questions about the differences between your childhood location and the person you are thinking about interviewing, then send me an email (linda.smith@umuc.edu)

Questions/Steps to help you write your essay (paper).
A. Use Survey 1, found on page 4 of this Guide. What is the background of your interviewee? Describe his or her ideas about career advancement, family, and economic status. (Use Survey 1 replies).
B. What is your background? Describe your ideas for career advancement, family and economic status. (Repeat Survey 1, but insert your replies).
C. How are you and your interviewee similar?
D. Use Survey 2 data to make a table (chart). See example on page 6 of this Guide. Insert table into your essay, and then compare. Based on comparison of cultural categories, how are you and your interviewee similar? Different? If a comparison surprises you, write about that observation.
E. Insert a computer snapshot of Hofstede Website showing comparison of countries: your interviewee’s country to yours. See example on page 12 of this Guide.
What is the cultural category that is most different? What would you do to manage that category’s difference?
What is the cultural category that is most similar in score? What would you do to use that common ground in managing? In writing to answer “E” remember Adler Chapter 3 offers very useful information. Aim to use 1 or more ideas from the Adler chapter as a basis for supporting your answer.

Answering these questions (A-E) make up the main sections of your essay.

NEXT STEPS:
Add headings (short titles) to each section.

Print out and review.

Write a section titled “Conclusion” and add to the draft essay.

Use a printed copy to review again.

Write your “Introduction”. Insert this section at the beginning of the essay.

Edit for sentence structure, grammar, spelling and punctuation.
Edit for where you have used outside source material. Add in-text cites, APA style.

Scoring Rubric
Content:
1. All questions/steps included in essay.
2. Analysis applies survey information gathered from interview, and also uses survey information from you.
3. Analysis demonstrates thoughtful application of Hofstede’s country research.
4. Analysis uses comparison activities (your interviewee-your experience; survey 2 cultural categories; Hofstede’s country research).
Contributes 60% of assignment score.
Organization:
1. Each main section has a heading or short title
2. Each important essay idea has its own paragraph. Or, said differently, each paragraph addresses one idea, not multiple ideas.
3. Sentences are clearly written and not run-on (no multiple clauses/phrases or too many ideas).
4. The first paragraph of the essay is an introduction and includes a purpose (thesis) statement to set up analysis.
5. The last paragraph (section) is a conclusion. The section has “Conclusion” as a heading. It is a summary without new ideas.
Contributes 40% of the assignment score.

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MGMT 630 Organizational Theory and Behavior Homework 1 CostCo Marcic Dimension Scale Answer

MGMT 630 Organizational Theory and Behavior Homework 1 CostCo Marcic Dimension Scale Answer


ASSESSING THE ORGANIZATIONAL CHARACTERISTICS OF COSTCO
Essay Using a Business Case
Guide Overview
You will analyze a major company to better understand important ideas about how organizations are structured. This task helps you as a manager go beyond the often-used organizational chart to understand how and why company strategy develops.
You have a choice of cases.
1. Perdue Farms (see research materials in another file, also attached to LEO assignment link)
2. CostCo (see case materials in another file, attached to the LEO link).
3. The company websites for both Perdue and CostCo are detailed. They can offer you more information if needed.
http://www.perdue.com/
http://www.costco.com/about.html

Anticipate writing and editing to submit eight (8) or more pages.
PAGE LENGTH: page length is a suggestion–not a mandate.

Make certain you read carefully all of this document. It is your guide.
Date Due: See LEO Assignment List for Date to Submit
Important… Important…Important! A draft of this paper is to be submitted to the draft-1 link> found in the LEO assignment folder.
Date Due for Draft: See Assignment links “Draft” list, first entry.
More on why you must submit a draft: The objective is to improve writing needed by all grad students so that they are truly successful.
If you don’t submit a draft? You earn a -0- for the paper. OUCH! Work ahead so that the draft is ready for the writing coach. But kindly know the draft does not have to be perfect or error-free. It is a DRAFT version. The big goal is for everyone/you to try out the writing coach’s services. Know that the coach’s comments are NEVER used to determine the assignment grade. Instead, use of the coach can be very helpful when reviewing grammar and punctuation as well as overall organization of an essay.

You will NOT be penalized or lose grade points for the page length. You will want to make certain that you have explained/described each factor listed in the evaluation list to determine the best length.

Course Materials Useful to this Assignment: All information is available on the LEO course website.
• Attachments to LEO Assignment link (resource materials, case, sample paper)
• Daft Chapters 1 and 2
• LEO Course Content>Wk 1 Introduction
• LEO Course Content>Wk 2 Organizational Structure and Life Cycle
• LEO Course Content>Wk 3 Organizational Culture
• You are asked to use the Marcic Dimension Scale, found at the end of Chapter 1, beginning p. 39, Daft text book. This scale is the basis for your analysis. It is also included in this GUIDE. See p 4 of this Guide. Make certain you use the Marcic Dimension Scale. Indicate you have applied the Scale by citing it in your paper, using APA in-text cite format. Include your rating scores for each dimension selected. To find the text book materials, use this link path: LEO> Content> (scroll down left side of computer screen) to locate >Course Resources>E Readings> (click) Organizational Theory and Design.

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MGMT 630 Organizational Theory and Behavior Reflecting on My Leadership Capabilities Answer

MGMT 630 Organizational Theory and Behavior Reflecting on My Leadership Capabilities Answer

Reflecting on Your Leadership Capabilities: (Answer in 4 Word Documents)
Using Three (3) Surveys
By week six (6) of our course, you have been asked to read chapters 1, 4 and 5, plus other chapters in Northouse (2013) In those chapters, you can see that leadership can be thought about in different ways. For instance, successful leaders may possess certain personality traits, or have specific, well-developed skills, and understand how to use directive, coaching or other styles.
In this assignment, assess your leadership potential—how can see you see yourself as a leader? You will complete three surveys that will clarify the traits, skills, and behavioral styles you exhibit relevant to leadership. You are also asked to explain the major theme or goals of the chapter from which the survey was selected.
.Date Due: See LEO Assignment Link
Expected page length: There is no requirement, but anticipate that the assignment will take five (5) or more pages depending on your writing style.
Required
• Five-Factor Trait Model. This model is discussed in Northouse, pages 26–27. To take the survey, go to http://www.personal.psu.edu/faculty/j/5/j5j/IPIP/ and complete the short form of this instrument. You must check two 2 boxes to access the survey when on the web page just before the short form. Review Chapter 2 of Northouse, which explains the development of trait theory.
Choose two more:
• Skills Inventory. This survey can be found in Northouse, pages 67–70.
• Style Questionnaire. See Northouse, pages 92–94.
• Situational Leadership. Complete the LPC Measure in Northouse, pages 133–135.

Evaluation Rubric

1. Important results of each survey are summarized. You do not need to include the questionnaires as file attachments; rather, briefly summarize your results. Add explanation about the leadership theory associated with the survey so that you demonstrate an understanding of that theory and its main goals. Yes/no or not enough description
2 Important insights are reviewed and analyzed, explaining how those qualities contribute to your leadership Yes/no or not enough description
3 Challenges are summarized. Where do you see the need for improvement? Yes/no or not enough description
4. Did you find any results that seemed to be contradictory? If so, what do you think that means? Discussion section on contradictions or not: Yes/no or not enough description
5. Compare your leadership style and the demands of your current work environment. (For those who are planning a career change, you may consider the demands associated with your future career rather than your current field.) A great resource to discover more about the demands of your new career, or even your existing career, is http://online.onetcenter.org. To address this component of the assignment, begin by describing your work environment or what you think the work environment could be, based on a future career.
• What qualities are needed to be a successful leader in this situation?
• How does your profile compare to the existing work setting—strengths/challenges?
• How will you develop the areas where you have weaknesses? (20 points)

Scoring Rubric
Up to 60 points available for content of your answers (factors 1-5 above)
Up to 40 points add to the organization of the answers, based on
• Complete sentences.
• Correct grammar and punctuation
• Organization of ideas into paragraphs, writing to explain one idea per paragraph.
• Listing of references (for each essay)

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MGMT 630 Organizational Theory and Behavior Assignment 4 Critical Thinking in Action Answer

MGMT 630 Organizational Theory and Behavior Assignment 4 Critical Thinking in Action Answer

Critical Thinking in Action
Assignment
Introduction
The head of your organization pulled you aside and asked you to review a workplace dispute (which is attached below). She said, “Apply your best critical thinking to figure out what happened and a what decision is called for to remedy this situation.” She wants your analysis in a week.
To begin, let’s consider what it means to engage in critical thinking. While the application of critical thinking may vary across disciplines, the steps are universal. Adapted from the writings of Bassham, Irwin, Nardone, and Wallace (2011); Lau (2011); and Lau and Chan (2015), critical thinking involves thinking clearly and systematically, and encompasses
• formulating ideas succinctly and precisely
• identifying the relevance and importance of ideas
• understanding the logical connections between ideas
• identifying, constructing and evaluating arguments, claims, and evidence
• recognizing explicit and implicit assumptions, arguments, and biases
• detecting inconsistencies and common mistakes in reasoning
• formulating clear defensible ideas and conclusions
• evaluating the pros and cons of decisions
• reflecting on one’s own beliefs and values
• applying ethical decision making
The steps involved in critical thinking can be employed universally, in the analysis of all thoughts and actions —whether you are analyzing documents, ideas, assertions, or the quality of decisions/solutions.
Most importantly, critical thinking is purposeful. It is not restricted solely to information gathering, nor is it about being “negative and fault-finding” (Bassham et. al., 2011 p. 1). As Lau and Chan write, “A critical thinker is able to deduce consequences from what he knows, and he knows how to make use of information to solve problems, and to seek relevant sources of information to inform himself” (2015). While the process of critical thinking may involve exposing untruths and poor reasoning, it also involves engaging in cooperative reasoning for the purposes of shared goals and decision making. We engage in the steps of critical thinking to learn deeply, to improve our ideas, to strengthen arguments and to “enhance work processes and improve social institutions” (Lau, 2011).
Critical thinking aligns with and informs ethical reasoning and decision making. Internet marketing expert Nick Melillo (2010) writes
Critical thinking plays a large role in ethics because it is the process by which we determine for ourselves whether or not something is right or wrong. In a sense, critical thinking is a form of analysis and determination of fact vs. fiction, identifying the unknown, coming to an understanding, etc… By taking the path of a critical thinker, a person develops a mental process of evaluation which helps to determine their ethical standards. (p. 1)
The process of critical thinking helps us weigh and verify information, assess intent, and consider consequences, thereby enabling more effective ethical decision making.
Hereford (2015), suggests critical thinking requires a particular mindset that includes being able to
• Rely on reason instead of emotions
• Assess a broad range of perspectives and viewpoints
• Consider new evidence, explanations, findings, and alternative interpretations
• Reassess information
• Suspend personal prejudices and biases
• Contemplate all reasonable possibilities
• Avoid quick judgments
Let’s take some time to adopt a framework for critical thinking and purposefully engage in some practice by responding to the company-head’s request for a critical analysis of the ongoing dispute.
Steps
Step 1: Review the TGS Critical Thinking Rubric (attached). This rubric is intended to serve as a framework for critical thinking. Use it to structure your thinking for this assignment and for others in your studies at UMUC.
The framework (rubric) is based on FOUR key steps, each of which has several sub-steps, as shown in the attached.
1. Identify and clearly explain the main issue or problem under critical consideration.
2. Gather and analyze information to explore/investigate the issue or problem.
3. Consider and analyze other possible viewpoints, conclusions or decision/solutions to the issue or problem
4. Develop well-reasoned ideas, conclusions and/or decisions/solutions, checking them against relevant criteria and benchmarks
Step 2: Read the attached case. Employ the TGS Critical Thinking Rubric as framework for analyzing the case. Begin with an Introduction that states the purpose of your analysis. Use the FOUR key steps in the rubric as the format framework of a short position paper (details below). Employ the sub-steps within each of the four key steps to further direct your analysis and writing.
Deliverables
Format
Write a short paper (no more than 5 pages/1,250 words, excluding the cover page and references) that critically analyses the ideas or position presented in the case reading. The major headings of your paper should include the following:
1. Introduction
2. Explanation of the Issue or Problem
3. Analysis of the Information
4. Analysis of Alternative Viewpoints, Conclusions or Solutions
5. Personal or Summarized Conclusions and Proposed Decisions
6. Conclusion
Follow these guidelines:
• Use the TGS Critical Thinking Rubric to guide your analysis.
• Use the TGS Written Communications Rubric to guide your writing.
• Draw in references from at least one reputable outside resource related to the topic to support your conclusions or proposed decisions.
• Employ APA Style 6ed for format and citation guidance.
• Include a cover sheet with your name and the Turnitin.com originality score.
Remember: Even though I have suggested the major headings for your short paper, you should still follow best practices for structuring the paper.

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Money Banking Course ECO 320 Week 8 Assignment 1 Submission Federal Reserve Paper

Money Banking Course ECO 320 Week 8 Assignment 1 Submission Federal Reserve Paper

The Federal Reserve offers to the general public numerous publications available at the wesbite of the Federal Reserve Board at http://www.federalreserve.gov/publications/.
The Federal Reserve Board testimonies, press releases, monetary policy reports, the Beige Book, and a variety of other publications offer a detailed assessment of current economic activity, financial markets, and the monetary policy tools used to promote economic activity and preserve price stability.

Write an 8-10 page paper in which you:
1.Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
2.Determine which economic indicators the Federal Reserve should analyze so it can better stabilize this particular economy.
3.Describe which monetary policies the Federal Reserve might use to influence the money supply.
4.Explain the strengths and weaknesses of using monetary policy in comparison to fiscal policy when promoting economic activity and preserving price stability.
5.Analyze the effect of the Federal Reserve’s action you identified in #3 on the aggregate deman/suppy model.
Provide proper APA citations and references for bibliography.

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Linear Programming Model Excel Solution Module 3 Worksheet P3-12_P3-22_P3-18_Answer

Linear Programming Model Excel Solution Module 3 Worksheet P3-12_P3-22_P3-18_Answer

Problem 3-12

A political candidate is planning his media budget for an upcoming ellection. he has $90,500 to spend. His politiacal consultants have provided him with the following estimates of additional votes as a result of the advertising effort:
For every small sighn placed by the rodside, he will garner 10 additional votes
For every large sign placed by the roadside, he will garner 30 additional votes
For every thousand bumper stickers placed on cars, he will garner 10 additional votes
For every hundred personal mailings to registered voters, he will garner 40 additional votes,
For ever radio ad heard daily in the last month before the election, he will garner 485 additional votes

Advertising Medium Cost minimum Maximum
Bumper stickers (thousands) $30.00 40 100
Personal mailings (hundreds) $81.00 500 800
Radio ads (per day) $1,000.00 3 12
Small road side signs $25.00 100 500
Large road side signs $60.00 50 300

Problem 3-22

The load master for a freighter wants to determin the mix of cargo to be carried on the next trip.The ship’s volume limit for cargo is 100,000 cubic meters , and its weight capacity is 2,310 tons.The master has five different types of cargo from which to select and wishes to maximize the calue of the selected shipment. However, to make sure that none of his customers are ignored, the load master would like to make sure that at least 20% of each cargo’s available weight is selected. The specifications for the five cargoes are shown in the following table

cargo type Tons Available Value Per Ton Volume Per TONE
A 970 $1,350.00 26
B 850 $1,675.00 54
C 1900 $1,145.00 28
D 2300 $850.00 45
E 3600 $1,340.00 37

A nursing home employs attendants who are needed around the clock. Each attendant is paid the same, regardless of when his or her shift begins. Each shift is 8 consecutive hours. Shifts begin at 6 A.M., 10 A.M., 2 P.M., 6 P.M., 10 P.M., and 2 A.M. The following table showws the nursing home’s requirements for the numbers of attendants to be on duty during specifiv time periods

Problem 3-18

SHIFT TIME NUMBER OF ATTENDANTS
A 2-6 A.M. 8
B 6-10 A.M. 27
C 10 A.M – 2 P.M. 12
D 2-6 P.M. 23
E 6-10 P.M. 29
F 10 P.M. – 2 A.M. 23

(a) What is the minimum number of attendants needed to satisfy the nursing home’s requirements?
(b) the nursing home would like to use the same number of attendants determined in part (a)
but would like to minimize the total salary paid. Attendants are paid $16 per hour during 8 A.M.- 8 P.M.,and a 25% premium per hour during 8 P.M. – 8 A.M. How should the attendants now be scheduled?

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Linear Programming Model _Module 6 P6-16_P6-30_P7-18 A hospital is planning an $8 million addition to its existing facility Answer

Linear Programming Model _Module 6 P6-16_P6-30_P7-18_A hospital is planning an $8 million addition to its existing facility Answer

Problem P 6-16

A hospital is planning an $8 million addition to its
existing facility. The architect has been asked to con-
sider the following design parameters: (1) There should
be at least 10 and no more than 20 intensive care unit
(ICU) rooms; (2) there should be at least 10 and no

more than 20 cardiac care unit (CCU) rooms; (3) there
should be no more than 50 double rooms; (4) there
should be at least 35 single rooms; and (5) all patient
rooms should fit inside the allotted 40,000-square-foot
space (not including hallways). The following table
summarizes the relevant room data:
SINGLE DOUBLE ICU CCU
Cost per room to build and furnish ($thousands) $45 $54 $110 $104
Minimum square feet required 300 360 320 340
Profit per room per month ($thousands) $21 $28 $ 48 $ 41

How many rooms of each type should the architect
include in the new hospital design?

Problem P 6-30

6-30 Sandy Edge is president of Edge File Works, a
firm that manufactures two types of metal file
cabinets. The demand for the two-drawer model
is 650 cabinets per week; demand for the three-
drawer cabinet is 400 per week. Edge has a weekly
operating capacity of 1,600 hours, with the two-
drawer cabinet taking 1.5 hours to produce and
the three-drawer cabinet requiring 2 hours. Each
two-drawer model sold yields a $12 profit, and
the profit for the three-drawer model is $14. Edge
has listed the following goals, in rank order:
Rank 1: Attain a profit as close to $12,000 as pos-
sible each week.
Rank 2: Avoid underutilization of the firm’s pro-
duction capacity.
Rank 3: Sell as many two- and three-drawer cabi-
nets as the demand indicates.
Set up and solve this problem as a goal program-
ming model.

Problem 7-18

7-18 A plant engineering group needs to set up an assem-
bly line to produce a new product. The table in the
next column describes the relationships between the
activities that need to be completed for this product
to be manufactured.
(a) Develop a project network for this problem.
(b) Determine the expected duration and variance
for each activity.

(c) Determine the EST, EFT, LST, LFT, and slack
for each activity. Also determine the total project
completion time and the critical path(s).
(d) Determine the probability that the project will be
completed in less than 34 days.
(e) Determine the probability that the project will
take more than 29 days.

ACTIVITY DAYS IMMEDIATE
PREDECESSORSa m b

Problem 7-18
Activity Pred Optim time (a) Most likely time (m) Pessim time (b) Expected time Variance Standard deviation EST EFT LST LFT Slack Critical?
0.00 0.00 0.00 0.00 0.00 Y
0.00 0.00 0.00 0.00 0.00 Y
Y
Y
Y
Y
Y
Y
Y

Critical path =
Project length = 0.00 days
Project variance = 0.00
Project std deviation = 0.00 days
P(Finish < = 34 days) = #NUM! P(Finish >= 29 days) = #NUM!

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