c. Suppose that due to market competition, NYC Real Estate would like to complete its renovation project within the next 9 weeks. For each week beyond the 9 weeks deadline, it faces a $800 penalty. The following table details NYC Real Estate's project crashing options. Activity Immediate Predecessor Normal Crash Normal Crash Duration Duration Cost Cost Crash Cost per S (weeks) (weeks) Week A B - 2 1 $1,300 $2,150 $850 - 4 2 $800 $1,800 $500 с A 3 3 $2,000 $2,000 - D A 2 1 $1,600 $2,000 $400 E D 32 1 $1,500 $1,900 $200 F B,C,E 4 2 $1,000 $2,100 $550 G D 5 3 $2,200 $3,600 $700 Using the greedy method learned in class, crash NYC Real Estate's renovation project for as many weeks as it is profitable to do so. For each week of crashing, identify the activities to be crashed, the cost of crashing, and the resulting critical path(s) after performing the crashing. If it no longer becomes profitable to crash the project, then clearly state why. [
c. Suppose that due to market competition, NYC Real Estate would like to complete its renovation project within the next 9 weeks. For each week beyond the 9 weeks deadline, it faces a $800 penalty. The following table details NYC Real Estate's project crashing options. Activity Immediate Predecessor Normal Crash Normal Crash Duration Duration Cost Cost Crash Cost per S (weeks) (weeks) Week A B - 2 1 $1,300 $2,150 $850 - 4 2 $800 $1,800 $500 с A 3 3 $2,000 $2,000 - D A 2 1 $1,600 $2,000 $400 E D 32 1 $1,500 $1,900 $200 F B,C,E 4 2 $1,000 $2,100 $550 G D 5 3 $2,200 $3,600 $700 Using the greedy method learned in class, crash NYC Real Estate's renovation project for as many weeks as it is profitable to do so. For each week of crashing, identify the activities to be crashed, the cost of crashing, and the resulting critical path(s) after performing the crashing. If it no longer becomes profitable to crash the project, then clearly state why. [
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...
Related questions
Question
help me with part c.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 3 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.