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b) Herlich's project manager, Ruby, believes that for the new product to succeed, it must be available for sale before the competitor's product hits the market. Ruby knows that the competitor's product is scheduled to hit the market within 11 weeks from now. Thus, he reckons that Herlich must introduce the new product within 10 weeks and Ruby has also prepared the following information table Find: i. ii. Activity No. of weeks that can be reduced Cost (RM) of each weeks reduced A B C D E 4 2 2 200 150 225 The activities that had their durations reduced and by how many weeks. The new total cost to launch the new product. F 2 175

b) Herlich's project manager, Ruby, believes that for the new product to succeed, it must be available for sale before the competitor's product hits the market. Ruby knows that the competitor's product is scheduled to hit the market within 11 weeks from now. Thus, he reckons that Herlich must introduce the new product within 10 weeks and Ruby has also prepared the following information table Find: i. ii. Activity No. of weeks that can be reduced Cost (RM) of each weeks reduced A B C D E 4 2 2 200 150 225 The activities that had their durations reduced and by how many weeks. The new total cost to launch the new product. F 2 175

Practical Management Science
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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operation research. answer for b

Herlich is planning to launch a new crochet product online. The following table depicts the project activities that must be completed (in weeks) before the new product can enter the market. Activity A B C D E F a) Find: i. ii. iii. iv. Description Research and develop product Design marketing campaign Determine crochet patterns Set up online selling platforms Set up plant for production Purchase necessary materials Predecessors A A B C E The arrow diagram for this project. The total float and free float for each activity. The critical path and the project duration. The total cost for this project. Duration 4 5 4 3 1 4 Cost (RM) 400 800 520 600 255 600
Transcribed Image Text:Herlich is planning to launch a new crochet product online. The following table depicts the project activities that must be completed (in weeks) before the new product can enter the market. Activity A B C D E F a) Find: i. ii. iii. iv. Description Research and develop product Design marketing campaign Determine crochet patterns Set up online selling platforms Set up plant for production Purchase necessary materials Predecessors A A B C E The arrow diagram for this project. The total float and free float for each activity. The critical path and the project duration. The total cost for this project. Duration 4 5 4 3 1 4 Cost (RM) 400 800 520 600 255 600
b) Herlich's project manager, Ruby, believes that for the new product to succeed, it must be available for sale before the competitor's product hits the market. Ruby knows that the competitor's product is scheduled to hit the market within 11 weeks from now. Thus, he reckons that Herlich must introduce the new product within 10 weeks and Ruby has also prepared the following information table Find: i. ii. Activity No. of weeks that can be reduced Cost (RM) of each weeks reduced A B C D E 4 2 2 200 150 225 The activities that had their durations reduced and by how many weeks. The new total cost to launch the new product. F 2 175
Transcribed Image Text:b) Herlich's project manager, Ruby, believes that for the new product to succeed, it must be available for sale before the competitor's product hits the market. Ruby knows that the competitor's product is scheduled to hit the market within 11 weeks from now. Thus, he reckons that Herlich must introduce the new product within 10 weeks and Ruby has also prepared the following information table Find: i. ii. Activity No. of weeks that can be reduced Cost (RM) of each weeks reduced A B C D E 4 2 2 200 150 225 The activities that had their durations reduced and by how many weeks. The new total cost to launch the new product. F 2 175
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