What is a function of probability


Discuss the below:

Q1. You are in charge of a major new product development project for your company. Instead of presenting the details of your analysis, you aggregate all three elements of this product into a simple PERT network to present to senior management as shown below. You would like to introduce simulation as a project management tool for your company and you feel that this product has enough visibility to persuade senior management of its utility. Using Crystal Ball, develop a plot of project duration as a function of probability of completion

Where

A = Requirements gathering (uniformly distributed varying between 3 and 5 week)
B = Develop prototype and test market (normally distributed with a mean of 5 weeks and a standard deviation of 3)
C = Manufacture and distribute new product (uniformly distributed varying between 5 and 8 week)
D = Advertising, trade shows, market to distributors, etc. (fixed at 11 weeks)

520_market.jpg

Q2. As a new manager of manufacturing of specialty devices for Farr Pharmaceutical Devices, you need to improve turnaround time. You currently are operating one manufacturing line. You did a queuing analysis on the operation, but found the mathematical solution did not accurately model the real world system; therefore, you decide to manually simulate the operation. You analyzed last year's data and arrived at the following distribution of arrival intervals and service times:

Distribution of Arrival Intervals

Arrival Interval (days)

Number of

Occurrences

Probability P(x)

Cumulative Probability

Random Number Range

1.0

4

 

 

 

2.0

6

 

 

 

3.0

3

 

 

 

4.0

7

 

 

 

Manufacturing times are uniformly distributed and vary between 1 and 3 days.

 x=a+r(b-a)= 1+2r

Use the table below to manually simulate (hint - do NOT round your numbers to integer values) the process of your specialty manufacturing operation.

Job #

r1

Inter-arrival time

Total Clock Time

Start Manu Time

Wait Time

Queue Length After Entry

r2

Manu Time

Depart Clock

Time in System

1

---

---

0

0.00

0.00

0

0.93

 

 

 

2

0.06

 

 

 

 

 

0.72

 

 

 

3

0.47

 

 

 

 

 

0.83

 

 

 

4

0.3

 

 

 

 

 

0.35

 

 

 

5

0.97

 

 

 

 

 

0.17

 

 

 

6

0.96

 

 

 

 

 

0.82

 

 

 

7

0.22

 

 

 

 

 

0.63

 

 

 

8

0.16

 

 

 

 

 

0.68

 

 

 

9

0.52

 

 

 

 

 

0.95

 

 

 

10

0.98

 

 

 

 

 

0.07

 

 

 

Determine the average waiting time, average queue length, and average time in the system.

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Basic Statistics: What is a function of probability
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