A Hatmaker, Fresh Off a Very Successful Showing at Lidzapalooza

question 3

Essay

A hatmaker, fresh off a very successful showing at Lidzapalooza is excited about the prospects of providing the finest chapeaus (hats, for those of you without a thesaurus)to meet the needs of his energized customer base in the coming year. He and his space designer have identified seven activities that are necessary to expand his small shop. For the sake of simplicity, and to avoid giving away any trade secrets, the activities have been identified by letters A-G. The activities, their time estimates, and the precedence requirements structure are listed in the table immediately below. Use this table to answer the following question(s).
$$\begin{array} { | c | c | c | } \hline \text { Activity } & \text { Predecessors } & \text { Time (weeks) } \\\hline \text { A } & - & 7 \\\hline \text { B } & \text { A } & 6 \\\hline \text { C } & \text { A } & 10 \\\hline \text { D } & \text { C } & 12 \\\hline \text { E } & \text { B, C } & 5 \\\hline \text { F } & \text { D, E } & 11 \\\hline \text { G } & \text { F } & 8 \\\hline\end{array}$$
-Refer to the scenario above. Develop a Gantt chart for this project and indicate the finish times for each activity.

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Definitions:

Production Possibilities

Various combinations of goods and services that can be produced within an economy given available resources and technology.

Economies Of Scale

The cost advantage achieved by producing goods in large quantities, hence reducing the cost per unit.

Quality Of Products

Refers to the degree to which a product or service meets or exceeds customer expectations in terms of durability, reliability, and performance.

Production Costs

The expenses directly associated with the manufacturing of goods or services, including materials, labor, and overhead.