Discussion Question 1
1.What are the main advantages of using a network-based approach to project management rather than a Gantt chart?
2. Under what circumstances might a Gantt chart be preferable to a network-based approach?
Discussion Question 2
From the end of Chapter 6, consider the two capacity options for Arktec manufacturing from Problem 2 and the three possible demand scenarios from Problem 4.
1. First, draw the decision tree for Arktec Manufacturing. When drawing your tree, assume that managers must select a capacity option before they know what the demand level will actually be.
2. Then, calculate the expected value for each decision branch. Which option would you prefer and why?