1a. From Table 2, the cost ($) of the normal (before “crashing” any activity) completion of the project is: ____________b. From Table 2, if the owners of the project wish to reduce the project’s normal completion time by one (1) week, they should consider “crashing” activity: __________________c. From Table 2, the completion cost of the project after “crashing” one (1) activity by one (1) week is: _______________________ Table 2NormalCompletionTimeCrashingCostMaximumNormalCost/Week($)Activityweeksactivities($/week)(weeks)can becrashed1130040026250332005007350446130037567350057578120030030069725006001062300425Example: If activity 7 were the first project activity to becrashed by 1 week, the project's total completion costwould be the sum of the normal project cost + $300.

Answered: 1a. From Table 2, the cost ($) of the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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1a. From Table 2, the cost ($) of the normal (before “crashing” any activity) completion of the project is: ____________

b. From Table 2, if the owners of the project wish to reduce the project’s normal completion time by one (1) week, they should consider “crashing” activity: __________________

c. From Table 2, the completion cost of the project after “crashing” one (1) activity by one (1) week is: _______________________

Table 2
Normal
Completion
Time
Crashing
Cost
Maximum
Normal
Cost/Week
($)
Activity
weeks
activities
($/week)
(weeks)
can be
crashed
1
1
300
400
2
6
250
3
3
200
500
7
350
4
4
6
1
300
375
6
7
3
500
575
7
8
1
200
300
300
6
9
7
2
500
600
10
6
2
300
425
Example: If activity 7 were the first project activity to be
crashed by 1 week, the project's total completion cost
would be the sum of the normal project cost + $300.

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