JEWELYN E.

CIOCON Quantitative Business Analysis SAT 9-12AM

Dr. Myrna Profeta

FINAL EXAMS
ASSIGNMENT MODEL

A law firm is designing an assignment plan to assign five partners to five engaged cases.
Determine the best assignment plan of lawyers to cases so as to minimize costs.

COST CONFIRMATION TABLE

CASES/LAWYERS A B C D E
1 5,000.00 5,000.00 4,800.00 5,300.00 5,900.00
2 4,900.00 4,300.00 5,700.00 4,000.00 4,800.00
3 5,100.00 5,600.00 4,900.00 6,000.00 4,900.00
4 4,500.00 5,200.00 5,000.00 5,600.00 5,500.00
5 5,600.00 5,400.00 4,500.00 4,400.00 5,700.00

SMALLEST A B C D E
COST PER COLUMN 4,500.00 4,300.00 4,500.00 4,000.00 4,800.00

JOB-OPPORTUNITY TABLE
CASES/LAWYERS A B C D E
1 500.00 700.00 300.00 1,300.00 1,100.00
2 400.00 0.00 1,200.00 0.00 0.00
3 600.00 1,300.00 400.00 2,000.00 100.00
4 0.00 900.00 500.00 1,600.00 700.00
5 1,100.00 1,100.00 0.00 400.00 900.00

SMALLEST
COST PER ROW
1 300.00
2 0.00
3 100.00
4 0.00
5 0.00
TOTAL OPPORTUNITY COST TABLE
CASES/LAWYERS A B C D E
1 200.00 400.00 0.00 1,000.00 800.00
2 400.00 0.00 1,200.00 0.00 0.00
3 500.00 1,200.00 300.00 1,900.00 0.00
4 0.00 900.00 500.00 1,600.00 700.00
5 1,100.00 1,100.00 0.00 400.00 900.00

ASSIGNMENT
CASES/LAWYERS A B C D E
1
2
3
4
5

ASSIGNMENT
CASE
1 to
2 to
3 to
4 to
5 to
LAWYER COST
C P 4,800.00
B 4,000.00
E 4,900.00
A 4,500.00
C 4,500.00 REVIEW

TOTAL COST P 22,700.00

JEWELYN E. CIOCON Quantitative Business Analysis SAT 9-12AM
Dr. Myrna Profeta

FINAL EXAMS
NETWORK ANALYSIS

d Prepare the tabular table for dailycash requirements

ACTIVITY 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TOTAL

A 333.33 333.33 333.33 1,000.00

B 700.00 700.00 700.00 700.00 700.00 700.00 4,200.00

C 400.00 400.00 400.00 1,200.00

D 300.00 300.00 600.00

E 1,500.00 1,500.00

F 70.00 70.00 70.00 70.00 70.00 350.00

G 257.14 257.14 257.14 257.14 257.14 257.14 257.14 1,800.00

H 0.00 1,000.00 1,000.00 1,000.00 1,000.00 4,000.00

DAILY TOTAL 733.33 733.33 733.33 2,200.00 700.00 700.00 700.00 700.00 700.00 300.00 300.00 327.14 327.14 327.14 327.14 327.14 1,257.14 1,257.14 1,000.00 1,000.00 14,650.00

CUMULATIVE TOTAL 733.33 1,466.67 2,200.00 4,400.00 5,100.00 5,800.00 6,500.00 7,200.00 7,900.00 8,200.00 8,500.00 8,827.14 9,154.29 9,481.43 9,808.57 10,135.71 11,392.86 12,650.00 13,650.00 14,650.00
JEWELYN E. CIOCON Quantitative Business Analysis SAT 9-12AM
Dr. Myrna Profeta

FINAL EXAMS
NETWORK ANALYSIS

Problem # 2

The ABC Company has determine that additional equipment is needed to meet increasing customer demand.
The ABC Company has decided to expand its present facility and phase in new equipment over a period of time.
The relevant information for this expansion project is given in the following table.

Immediate
Activity
Predecessor
A None
B A
C None
D C
E A
F D
G D, E
H B, F, G
Expected time Direct Cost
3 P 1,000
6 4,200
3 1,200
2 600
1 1,500
5 350
7 1,800
4 4,000

a Use CPM to draw the project network

A 6
3 E
1

G H
7 4 END
START

C D F
3 2 5

b. Determine the critical path

ABH = 3+6+4 = 13
AEGH = 3+1+7+4 = 15
CDGH = 3+2+7+4 = 16 the critical path
CDFH = 3+2+5+4 = 14

The Critical Path = C D G H

c. Determine the project completion time
Completion Time = 16 days
JEWELYN E. CIOCON Quantitative Business Analysis SAT 9-12AM
MBA -1 Dr. Myrna Profeta

FINAL EXAMS
QUEUEING THEORY MODELS

Problem 1
The students of RTU arrived randomly at the MIC with an average arrival rate of 6 per hour.
The MIC can serve each student an average service rate of 8 per hour.
The service time distribution is not exponential but has a mean service time of 14 minutes
and a standard deviation of service time of 4 minutes.
Find the following queue operating characteristics:
a average waiting time of each student at the MIC
b average waiting time of each patient arriving at the MIC
c average number of patients waiting at the MIC
d average number of patients arriving at the MIC
e probability of zero student at the clinic
f probability of MIC being busy

Solution:
Given: λ = 6 patients per hour
µ = 8 patients per hour
4
ó = hour 0.066666667
60

a average waiting time of each student at the MIC

Wq = average waiting time of each student at the MIC

λ + λ ∂2
2
Wq = µ
λ
2 (1 - )
µ

6 + 6 (.067)2
64 0.0938 + 0.0269
Wq = =
6 2 (1-.75)
2 ( 1- )
8
0.1207
= = 0.241368 hour
2(.25)
14.48208 minutes
b average waiting time of each student arriving at the MIC
Ws = average waiting time of each student arriving at the MIC

1 1
Ws = Wq + = 0.241368 +
µ 8

= 0.241368 + 0.125

= 0.3664 hour
21.98208 minutes

c average number of students waiting at the MIC

Lq = average number of students waiting at the MIC

Lq = λWq = 6(.2414)
= 1.448208 patients
or 1 patient

d average number of students arriving in the MIC

Ls = average number of students arriving in the MIC

Lq = λWs = 6(.3664)
= 2.198208 patients
or 2 patients

e probability of zero student in the MIC

Po = probability of zero student in the MIC

λ 6
Po = I - = 1 -
µ 8

= 1 - 0.75

= 25% MIC is idle

f probability of the MIC being busy

Pw = 1 - Po = 1 - 25%

= 75% MIC is busy