ParagraphStylesEgProblem 2The table below contains data for the installation of new equipment in a manufacturing process fora steel corporation. Your company is responsible for the installation project. Indirect costs are$6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company forevery week the project is delayed beyond week 15.ImmediateNormal TimeCrash TimeNormal CostCrash CostActivityPredecessor(s)(weeks)(weeks)($)7,0003,000($)ANone110,000None23,000A3112,00040,00012,00028,000EC118,0008,000FD, E55,00015,00039,00018,000F, G6.14,00032,000Construct a network diagram for the project.a.b. What are the project completion time and the total cost under normal conditions?What is the shortest time duration for this project regardless of cost? What is the resulting total cost?с.d. What is the minimal total cost associated with completing the project in 16 weeks?e.What is the total time for the minimum-cost schedule? What is that minimum total cost?restigatea

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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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Draw a network representation of the project (nodes = activities, arrows = precedence constraints). Provide early start/early finish as well as late start/late finish times for all activities. What is the duration of the project, and which tasks are on the critical path? Task Description Duration Predecessors A Project Planning 16 days - B Evaluation Existing Apps 20 days - C Define Value Proposition 12 days B D Define User Interface 18 days B E Define Technology Requirements 22 days C and D F Document Requirements 14 days E G Develop Architecture 35 days A and F H Creation Code Design 18 days G I Roadmap Feature Development 12 days G J User Interface Development 74 days H and I K Code Development 92 days H and I L Release Testing 32 days J and K M Get User Feedback 22 days L N Bug Fixing 28 days L O Marketing Plan 54 days E P Release Product 5 days M, N and O
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Problem 3: Taken from Exercise 5 from section 8.4 of Wayne Winston Operations Research. Consider the (simplified) list of activities and predecessors that are involved in building a house. Draw a project network and determine the minimal number of days needed to build a house using the Bellman-Ford algorithm. Exhibit a corresponding critical path. Activity A B C D E F G Description Build foundation Build walls and ceilings Build roof Do electrical wiring Put in windows Put on siding Paint house Immediate Predecessors A B B B E C, F Duration (Days) 5 8 11 5 4 6 3
You lead a family day project for welcoming the arrival of the new students to the campus. The accompanying Table 1 shows the activities, times and sequences required for the project planning and monitoring. Based on the Table 1, using Critical Path Method (CPM) diagram, determine the ES, EF, LS & LF, identify the critical activities, critical path and the expected project completion time.
Consider a project that has been modeled as in the table below. Part a) Draw the PERT/CPM network for this project and determine the project’s expected completion time μP and its critical path. Part b) Suppose the standard deviations of the activity durations are σA = 2, σB = 1, σC = 0, σD = 2, σE = 3, and σF = 0. Then please estimate the standard deviation of the overall project’s standard deviation σP . Part c) Suppose for the standard Normal random variable Z, we know P[−1 ≤ Z ≤ +1] ' 68%, P[−2 ≤ Z ≤ +2] ' 95%, and P[−3 ≤ Z ≤ +3] ' 99.7%. Then, approximately what time T is one for which there is only a less than 2.5% chance for the completion time to beat (be shorter than)? *Please answer a-c and type your work and answers or write them neatly please* Thank you
4 01:34:47 The network diagram and task times for a project are shown below. A₁ A2 Late start time A3 Task A₁ A₂ A3 A₁ A5 What is the late start time for activity A3 ? Duration (days) 7 6644 A4 days A5
Based on Table below, discuss how to complete the following project case:a. Create a network model in the form of Activity and Arrow (AoA) and Activity on Node (AoN) for the marketing product project of a company using the CPM method (manual and optimization software)! b. Analyze the critical path and critical duration for the company's project! Activity Description Predecessor Duration (day) A Production Planning — 18 B Market Survey and Market Research — 20 C Production Analysis A 28 D Modeling Product A, B 31 E Sales Brochures A, B 21 F Cost Analysis C, E 33 G Product Experiment D, E 42 H Sales Training B, E 29 I Cost Pricing H 26 J Project Report F, G, I 50
The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. What is the probability that project can be completed two months early?
Define Time–Cost Models and Project Crashing?
(Use the information below to solve Q11 - Q20) Given the following information regarding a project: Predecess ors None None a a b b Activity a b C d e CD f OC g h Duration 3 1 3 4 4 5 23 c, e f Which of the following is NOT a path in the network? O a-d O a-c-g b-c-g O b-e-g b-f-h
In Project Management, what is the executive summary when renovating a kitchen?
A project network is shown below, with three time estimates (Optimistic Time-Most Likely Time-Pessimistic Time (in days)) for each activity in the network. a. Compute the expected time for each activity in the project network. b. Identify and list all possible paths in the project network. Compute the expected duration for each path in the project network. c. Identify the critical path(s) in the project network. What is the expected project completion time? d. Compute the variance of each activity on the critical path(s). e. Determine the project variance and project standard deviation. Use the PERT analysis results in 2(c) and 2(e) to answer questions (f), (g), (h), and (i) below:f. What is the probability that the project can be completed within 22 days of its start? g. What is the probability that the project can be completed within 16 days of its start? h. Determine the project deadline that gives this project a 78% chance of on-time completion. i. Determine the project deadline…

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Construct a network diagram for the project. a. b. What are the project completion time and the total cost under normal conditions? What is the shortest time duration for this project regardless of cost? What is the resulting total cost? c.