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IAI Actuarial Core Principles · Business Management · Mission, business strategy, teamwork and time management

A team at a Bengaluru reinsurer has 20 hours of capacity this week. Tasks: A needs 8 hours with high value; B needs 6 hours with medium value; C needs 10 hours with low value; D needs 4 hours with high value. Prioritising by value within capacity, which set should be scheduled?

Schedule A, D and B, totalling 18 hours. The two high-value tasks use 12 hours, and the medium-value task B fits in the remaining capacity. Adding the low-value task C would exceed the 20 available hours, so it should be deferred.

  1. AA, D and B (18 hours)Correct
  2. BA, C and D (22 hours)
  3. CB, C and D (20 hours)
  4. DA and C (18 hours)
  5. All four tasks (28 hours)

Explanation

High-value tasks A (8) and D (4) total 12 hours, leaving 8 hours. Medium-value B (6) fits, giving 18 hours. Adding C (10) would exceed 20. Option A, C and D totals 22 hours, so it exceeds capacity; all four total 28.

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