Most Likely Time Notes: Definitions & Explanations PDF | Download eBooks
Study Most Likely Time lecture notes PDF with supply chain management definitions and explanation to study “What is Most Likely Time?”. Study most likely time explanation with SCM terms to review supply chain management course for online MBA programs.
Most Likely Time Definition:
Most probable time to complete an activity in a PERT network.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Most Likely Time Notes:
The best estimation of time for the completion of activities by the organizations. In this they assume everything is going normal and every task is done in their estimated time without any kind of hurdle and delay. They submit only one estimation and send it to the upper management.
Keep Learning with Supply Chain Management Notes
What is Efficient Frontier?
The effective wilderness is the arrangement of ideal portfolios that offer the most noteworthy expected return for a characterized degree ...
What is Fixed Cost Break?
A fixed expense is a cost that does not change with an expansion or lessening in the measure of merchandise ...
What is Stepping-stone method?
The Stepping Stone Method is utilized to check the optimality of the underlying attainable arrangement controlled by utilizing any of ...
What is Mass Customization?
Mass customization is the way toward conveying wide-advertise products and enterprises which are altered to fulfill a particular client's need. ...
What is Decision table?
A choice table is a brilliant instrument to use in both testing and necessities the board. Basically it is an ...
What is Buffer Inventory?
A producer's exercises to a great extent comprise of buying crude materials and transforming those materials into real items. These ...