Solve the following project by hand and submit your notes: Activity Normal Time Crash Time Normal Cost Crash Cost Immediate (weeks) (weeks) Predecessor $2,000 $2,200 $500 $2,300 $900 $3,000 $1,400 $2,100 $2,800 $500 A 4. 3 2 3 3 $2,600 $1,200 $4,200 D 8. 6 A 3 B 4 2 $2,000 E, F How long will the project take? What is the total cost to complete the project in normal time? If the project is to be shortened by 1-week, which activity will be reduced and how much will the cost be increased? What is the maximum time that the project can be crashed? How much will the cost increase if it is crashed the maximum?
Solve the following project by hand and submit your notes: Activity Normal Time Crash Time Normal Cost Crash Cost Immediate (weeks) (weeks) Predecessor $2,000 $2,200 $500 $2,300 $900 $3,000 $1,400 $2,100 $2,800 $500 A 4. 3 2 3 3 $2,600 $1,200 $4,200 D 8. 6 A 3 B 4 2 $2,000 E, F How long will the project take? What is the total cost to complete the project in normal time? If the project is to be shortened by 1-week, which activity will be reduced and how much will the cost be increased? What is the maximum time that the project can be crashed? How much will the cost increase if it is crashed the maximum?
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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Transcribed Image Text:Solve the following project by hand and submit your notes:
Activity
Normal Time
Crash Time
Normal Cost
Crash Cost
Immediate
(weeks)
(weeks)
Predecessor
$2,000
$2,200
$500
$2,300
$900
$3,000
$1,400
$2,100
$2,800
$500
$2,600
$1,200
$4,200
$2,000
A
3
B
2
3
3
8
6
A
E
6
3
В
F
3
G
4
2
Е, F
How long will the project take?
What is the total cost to complete the project in normal time?
If the project is to be shortened by 1-week, which activity will be reduced and how much will the cost be increased?
What is the maximum time that the project can be crashed? How much will the cost increase if it is crashed the maximum?
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