Lance Armstrong’s Bike Shop is behind on a custom bike and needs to crash 8 hours of time from the 8-step project. Draw the Network Diagram. Given the project table below calculate the crash cost for 8 hours of time-savings. Suppose Lance calls the customer and asks for a project extension, reducing the amount of time he needs to crash. Lance has a $20 crash budget. Is the budget sufficient to crash 4 hours of time?
Lance Armstrong’s Bike Shop is behind on a custom bike and needs to crash 8 hours of time from the 8-step project. Draw the Network Diagram. Given the project table below calculate the crash cost for 8 hours of time-savings. Suppose Lance calls the customer and asks for a project extension, reducing the amount of time he needs to crash. Lance has a $20 crash budget. Is the budget sufficient to crash 4 hours of time?
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
Lance Armstrong’s Bike Shop is behind on a custom bike and needs to crash 8 hours of time from the 8-step project.
- Draw the Network Diagram.
- Given the project table below calculate the crash cost for 8 hours of time-savings.
- Suppose Lance calls the customer and asks for a project extension, reducing the amount of time he needs to crash. Lance has a $20 crash budget. Is the budget sufficient to crash 4 hours of time?
![Normal
Crash
Normal
Crash
Immediate
Activity Duration
Duration
Cost ($)
Cost (S) Predecessors
(hours)
(hours)
A
2
10
2
0
None
B
3
15
2
23
A
C
5
25
4
30
B
D
3
20
1
24
C
E
6
30
4
45
C
F
1
5
1
0
C,E
G
7
35
6
50
F
H
10
50
7
62
D.G](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2f68196f-cbd2-45f1-ae95-ccefeac3d64a%2F26071f69-2184-4f6f-9035-9a0fb05e0f83%2Fv7trcwd_processed.png&w=3840&q=75)
Transcribed Image Text:Normal
Crash
Normal
Crash
Immediate
Activity Duration
Duration
Cost ($)
Cost (S) Predecessors
(hours)
(hours)
A
2
10
2
0
None
B
3
15
2
23
A
C
5
25
4
30
B
D
3
20
1
24
C
E
6
30
4
45
C
F
1
5
1
0
C,E
G
7
35
6
50
F
H
10
50
7
62
D.G
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