Given the project within the table below calculate
a. The critical path
b. The minimum project duration
c. The amount of slack for each activity
Definitions:
Quantity Ordered
The total number of units of a product or service that a customer commits to buying at a specific time.
Economic Order Quantity
A model used in inventory management to determine the optimal order quantity that minimizes the total cost of inventory, including ordering and holding costs.
Convenient Lot Size
The optimal quantity of inventory ordered or produced that balances operational efficiency with storage and handling costs.
Market Power
The ability of a company to influence the price and terms of products or services in the market, often due to its significant market share.
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