INTERNATIONAL ISLAMIC UNIVERSITY CHITTAGONG

Department of Business Administration

Program: RMBA
Class test-1
Course Code: QTM-5401
Course Title: Quantitative Business Analysis
Autumn 2020

Time: 1 hour Marks: 10

[Answer the following questions]

1. a) Distinguish between PERT and CPM. 1

b) Here are the precedence requirements, normal and crash activity times, and normal and
crash costs for a construction project: 5
Activity Preceding Normal Crash Normal Crash
Activity Time Time Cost Cost
A - 3 2 8000 9000
B - 8 6 600 1000
C B 6 4 10000 12000
D B 5 2 4000 10000
E A 13 10 3000 9000
F A 4 4 5000 5000
G F 2 1 1200 1400
H C,E,G 6 4 3500 4500
I F 2 1 700 800
i. Find critical path and estimated completion time.
ii. To shorten the project by 4 weeks which task should be shorten and what would
be the final total project cost?

c) What is sequencing. Write some assumptions of sequencing.

1
d) A machine operator has to perform three operations: turning, threading, knurling on a 3
number of different jobs. The time required to perform these operations (in minutes) for
each jobs is known. Determine the order in which the jobs should be processed in order to
minimize the total time required to turn out all the jobs. Also determine the idle time of
each operations.
Jobs Time for Time for Time for
turning(min.) threading(min) knurling(min)
1 6 16 26
2 24 12 28
3 10 8 18
4 4 12 24
5 18 6 16
6 22 2 26