The formula to calculate the expected time ($T_e$) using the PERT method is:
\[T_e = \frac{T_o + 4T_m + T_p}{6}\]
Where:
$T_o =$ Optimistic time,
$T_m =$ Most likely time,
$T_p =$ Pessimistic time.
Given:
\[T_o = 22, \quad T_m = 30, \quad T_p = 50\]
Substitute the values into the formula:
\[T_e = \frac{22 + 4(30) + 50}{6}\]
Simplify:
\[T_e = \frac{22 + 120 + 50}{6}\]
\[T_e = \frac{192}{6}\]
Calculate:
\[T_e = 32 \, \text{days}\]
Consider the network diagram shown in Figure. The time estimates in days along the arrows represents the activities. The project completion time in days based on critical path is
Machine A | Machine B | |
---|---|---|
Purchase price | INR 20,000 | INR 15,000 |
Estimated useful life | 10 years | 20 years |
Estimated salvage value | INR 5,000 | INR 5,000 |
Job | A | B | C | D | E |
Processing time (in days) | 9 | 6 | 4 | 5 | 8 |