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 Repetitive process?
Tedious assembling (REM) is the generation of merchandise in quick succession. Goods that are made through dreary assembling pursue a ...
What are Flowcharts?
This type of diagrams or charts used by those organizations that are involved in industrial projects such as construction and ...
What is Loading?
A load implies the amount of work, and allotting the amount of work to the procedures important to make every ...
What is Hire and Fire?
Contract and Fire where a business enlists workers on brief premise with an understanding that there is no professional stability ...
What is Manufacturing cycle time?
Assembling process duration alludes to the time required or spent to change over crude materials into completed merchandise. In fact, ...
What is Cell Layout?
Cell assembling is a kind of format where machines are gathered by the procedure necessities for a lot of comparative ...