A manufacturing company is bidding on a contract to produce a component for a new space shuttle. The major criterion for selecting the winning bid, beside low cost, is the time required to produce the part. However, if the company is awarded the contract, it will strictly be held to the completion date specified in the proposal, and any delay will result in financial penalties. To determine the project completion time for consideration of the proposal, the company has identified the project activities, predecessor relationships, and activity times in term of optimistic time, most likely time, and pessimistic time

 
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