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Quantitative Analysis and Managerial Decisions

dpoint or a clearly recognizable objective, (2) a series of events, (3) a specific time for each event, and (4) a specific starting point.

In the context of a clearly recognizable end point or objective, the network concept has greater applicability in construction management than it does in manufacturing management. Although the events in a series must be interrelated, they must also be separate and clearly definable. If events cannot be effectively separated from one another, they are not amenable to scheduling and control through application of the network concept.

It must be possible to both estimate and measure the time required for the completion of each event in a series, before the network concept may be used effectively in the scheduling and control of a project. The starting point for a series of events must be clearly recognizable, before the network concept may be effectively employed.

In the application of the network concept

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Quantitative Analysis and Managerial Decisions. (1969, December 31). In LotsofEssays.com. Retrieved 10:40, May 05, 2024, from https://www.lotsofessays.com/viewpaper/1687268.html