Consider the Network Presented in the Following Table

question 34

Essay

Consider the network presented in the following table. Calculate
a. All possible paths
b. The critical path
c. The slack available at any non-critical points
d. The minimum project duration
$$\begin{array} { | c | c | c | } \hline \text { Task } & \begin{array} { c } \text { Duration } \\\text { (Days) }\end{array} & \begin{array} { c } \text { Immediate } \\\text { Predecessors }\end{array} \\\hline \text { A } & 5 & \text { None } \\\hline \text { B } & 3 & \text { A } \\\hline \text { C } & 4 & \mathrm {~A} \\\hline \text { D } & 2 & \text { C } \\\hline \text { E } & 1 & \text { B, D } \\\hline\end{array}$$

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Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, typically used as an indicator of inflation.

Economy Expanding

A phase where a nation's economic activity is growing, marked by increased production, employment, and consumption.

Recessions

Economic downturns marked by decreasing industrial production, employment, and sales, often lasting from a few months to more than a year.

Frictional Unemployment

The short-term unemployment that arises from the process of workers moving between jobs or into the labor market.