A Kabwe based Civil Engineering firm has to bid for the construction of the dam in Chibombo area. The activities and their time estimates are given below: Activity Optimistic Most Likely Pessimistic 1-2 14 17 25 2-3 14 18 21 2-4 13 15 18 2-8 16 19 28 3-5 15 18 27 4-6 13 17 21 5-9 14 18 20 7-9 16 20 41 8-9 14 16 22 The policy of the firm with respect to submitting bids is to bid the minimum amount that will provide a 95% of the probability at best break-even. The fixed costs for the project are K800, 000 and the variable costs are K9, 000 per day spent working on the project. What amount should the firm bid under this policy?

A Kabwe based Civil Engineering firm has to bid for the construction of the dam in Chibombo area. The activities and their time estimates are given below: Activity Optimistic Most Likely Pessimistic 1-2 14 17 25 2-3 14 18 21 2-4 13 15 18 2-8 16 19 28 3-5 15 18 27 4-6 13 17 21 5-9 14 18 20 7-9 16 20 41 8-9 14 16 22 The policy of the firm with respect to submitting bids is to bid the minimum amount that will provide a 95% of the probability at best break-even. The fixed costs for the project are K800, 000 and the variable costs are K9, 000 per day spent working on the project. What amount should the firm bid under this policy?

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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