The following Table 1 contains a list of activities, with precedence requirements and crash costs. All start and finish times and crash costs are on a per-week basis. Table 1 Activity Predecessor Normal Time Crash Time Normal Cost Crash Cost (Weeks) (Weeks) A 10 7 2000 2600 B A 12 8 1500 2000 A 16 12 2200 3000 D B 8 7 2500 3000 E 13 10 1950 2275 F D 9. 8 800 1000 G E, F 24 29 3650 4000 H G 17 14 1200 1800 a) Determine the project cost and duration without crashing. b) Determine the least expensive project cost if the duration is to be 10% shorter than normal project duration. c) Determine the least expensive project cost if the duration is to be 20% shorter than normal project duration.
The following Table 1 contains a list of activities, with precedence requirements and crash costs. All start and finish times and crash costs are on a per-week basis. Table 1 Activity Predecessor Normal Time Crash Time Normal Cost Crash Cost (Weeks) (Weeks) A 10 7 2000 2600 B A 12 8 1500 2000 A 16 12 2200 3000 D B 8 7 2500 3000 E 13 10 1950 2275 F D 9. 8 800 1000 G E, F 24 29 3650 4000 H G 17 14 1200 1800 a) Determine the project cost and duration without crashing. b) Determine the least expensive project cost if the duration is to be 10% shorter than normal project duration. c) Determine the least expensive project cost if the duration is to be 20% shorter than normal project duration.
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
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 9 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.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.