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Consider a project with seven tasks. Three tasks - tasks 3, 4, and 5 - require a specific resource for completion; all needed resources must be available at the site before a task can be started. Task Duration Predecessor (s) Units of Value of Completed Task Resource Needed 3 3. 1. 10 $4000 3. 1. 10 $3000 5 3 12 5000 1 4 1 2, 5,6 Each resource unit cost S100; no quantity discounts are available. In addition, it costs $2 per unit per time period to hold this resource in stock, and it costs $45 just to place an order for materials (independent of the number of units ordered). When should each task in the project be started and when and how many resources should be ordered to minimize total project costs? en 2. en en 2. en

Consider a project with seven tasks. Three tasks - tasks 3, 4, and 5 - require a specific resource for completion; all needed resources must be available at the site before a task can be started. Task Duration Predecessor (s) Units of Value of Completed Task Resource Needed 3 3. 1. 10 $4000 3. 1. 10 $3000 5 3 12 5000 1 4 1 2, 5,6 Each resource unit cost S100; no quantity discounts are available. In addition, it costs $2 per unit per time period to hold this resource in stock, and it costs $45 just to place an order for materials (independent of the number of units ordered). When should each task in the project be started and when and how many resources should be ordered to minimize total project costs? en 2. en en 2. en

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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Consider a project with seven tasks. Three tasks – tasks 3, 4, and 5 – require a specific resource for completion; all needed resources must be available at the site before a task can be started. Task Duration Predecessor (s) Units of Value of Resource Completed Task Needed 3 3 10 $4000 1 10 S3000 3 12 55000 1 4 7 1 2, 5,6 Each resource unit cost $100; no quantity discounts are available. In addition, it costs $2 per unit per time period to hold this resource in stock, and it costs $45 just to place an order for materials (independent of the number of units ordered). When should each task in the project be started and when and how many resources should be ordered to minimize total project costs? 1, 1, en en en en 1, 2. en
Transcribed Image Text:Consider a project with seven tasks. Three tasks – tasks 3, 4, and 5 – require a specific resource for completion; all needed resources must be available at the site before a task can be started. Task Duration Predecessor (s) Units of Value of Resource Completed Task Needed 3 3 10 $4000 1 10 S3000 3 12 55000 1 4 7 1 2, 5,6 Each resource unit cost $100; no quantity discounts are available. In addition, it costs $2 per unit per time period to hold this resource in stock, and it costs $45 just to place an order for materials (independent of the number of units ordered). When should each task in the project be started and when and how many resources should be ordered to minimize total project costs? 1, 1, en en en en 1, 2. en
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