A Network Consists of the Following List

question 101

Essay

A network consists of the following list. Times are given in weeks.
a. Draw the network diagram.
b. Which activities form the critical path?
c. How much slack exists at activities A and F?
d. What is the duration of the critical path?

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Definitions:

Goods In Process Inventory

Items that are partially completed in the production process; not yet finished goods but not raw materials.

Raw Materials Inventory

Raw Materials Inventory is the stock of materials that are on hand and available for use in the production process.

Finished Goods Inventory

Products that have completed the manufacturing process and are ready to be sold to customers.

Weighted Average Cost

A method of calculating the cost of goods sold and ending inventory cost by taking into account the cost of goods purchased at varying prices.