2024 Business and Accountancy Catalog

Network Models Part 2

114

Introduction

114 114

Three Estimates of Activity Time Computing the Weighted Average

115 Determining the Probabilities of Completion in PERT 116 Cost-Time Relationships 119 Conclusion 124 Review Question 124 Case Problems 124

CHAPTER 11

Markov Analysis

126

Introduction

126 127 127 128 133 136 136 136

Markov Analysis Assumptions

MANAGEMENT SCIENCE

Information Flow in the Markov Analysis

Transition Movements and Transition Probabilities

Steady State Probabilities

Conclusion

Conclusion

92 92 92

Review Questions Case Problems

Review Questions Case Problems

CHAPTER 12

CHAPTER 8

Dynamic Programming

138

Distribution Models Part 2

95

Introduction

138 138 139 143 143 144 144

Introduction

95 95 96 97 97

Philosophy of Dynamic Programming Dynamic Programming Problem Six Major Terms of Dynamic Programming

Characteristics of the Assignment Problem Presentation of the Assignment Problem Methods for Solving the Assignment Problem

Conclusion

The Hungarian Method

Review Questions

Conclusion

101 101 102

Case Problem

Review Questions Case Problems

ix

CHAPTER 13

Game Theory

145

CHAPTER 9

Network Models Part 1

103

Introduction

145 145 146 146 147 149 149 150 151 151 152 153 153 154 155 156 157 158 159 160 163 163 164 165 165

Presentation of Game Theory Assumptions of Game Theory

Introduction

103 104

Characteristics of Project Management Terminologies in Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM) Differences between PERT and CPM

Classification of Games

Zero-sum Games

104 105 105 106 105 107 111 111 112

Conclusion

Review Question Case Problems

Purpose of PERT/CPM Advantages of PERT/CPM

PERT/CPM Procedure

CHAPTER 14

Solving CPM Conclusion

Waiting Lines

Introduction

Review Questions Case Problems

Characteristics of Waiting Line Situations

Structure of a Queuing System

CHAPTER 10

Major Costs Considered in a Queuing System

Network Models Part 2

114

Methodology of Queuing Analysis

viii

Arrival Process Service Process

Introduction

114 114

Three Estimates of Activity Time Computing the Weighted Average

Waiting Line

115 Determining the Probabilities of Completion in PERT 116 Cost-Time Relationships 119 Conclusion 124 Review Question 124 Case Problems 124

Queuing Models and Solution Approaches

Deterministic Queuing Systems

Basic Poisson-Exponential Model (M/M/1) Cost Analysis of Queuing Systems Applications of Poisson-Exponential Queuing Systems

Conclusion

CHAPTER 11

Review Questions Case Problems

Markov Analysis

126

Introduction

126 127 127 128 133 136 136 136

Markov Analysis Assumptions

Information Flow in the Markov Analysis

x

Transition Movements and Transition Probabilities

Steady State Probabilities

Conclusion

Review Questions Case Problems

61

CHAPTER 12

Dynamic Programming

138

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