The table below contains data for the installation of new equipment in a manufacturing process at Excello Corporation. Your company is responsible for the installation project. Indirect costs are $12,000 per week, and a penalty cost of $6,000 per week will be incurred by your company for every week the project is delayed beyond week 12. Activity A B с D E F G Immediate Predecessor(s) A B C D, E E Normal Time Crash Time Normal Cost (weeks) (weeks) ($) 3 1 7,000 3,000 2 2 1 12,000 3 12,000 1 8,000 5,000 9,000 3 4 1 6 3 4 2 a. What is the shortest time duration for this project regardless of cost? The shortest project duration regardless of cost is 9 weeks. (Enter your response as a whole number.) b. What is the minimum total cost associated with completing the project in 12 weeks? The minimum total cost to complete the project in 12 weeks is $203500. (Enter your response as a whole number.) c. What is the total time of the minimum-cost schedule? (Enter your responses as whole numbers.) The total project's duration according to the minimum-cost schedule is 10 week(s). The minimum-cost schedule is as follows: Crash Cost ($) 14,000 3,000 40,000 22,000 8,000 13,000 16,000
The table below contains data for the installation of new equipment in a manufacturing process at Excello Corporation. Your company is responsible for the installation project. Indirect costs are $12,000 per week, and a penalty cost of $6,000 per week will be incurred by your company for every week the project is delayed beyond week 12. Activity A B с D E F G Immediate Predecessor(s) A B C D, E E Normal Time Crash Time Normal Cost (weeks) (weeks) ($) 3 1 7,000 3,000 2 2 1 12,000 3 12,000 1 8,000 5,000 9,000 3 4 1 6 3 4 2 a. What is the shortest time duration for this project regardless of cost? The shortest project duration regardless of cost is 9 weeks. (Enter your response as a whole number.) b. What is the minimum total cost associated with completing the project in 12 weeks? The minimum total cost to complete the project in 12 weeks is $203500. (Enter your response as a whole number.) c. What is the total time of the minimum-cost schedule? (Enter your responses as whole numbers.) The total project's duration according to the minimum-cost schedule is 10 week(s). The minimum-cost schedule is as follows: Crash Cost ($) 14,000 3,000 40,000 22,000 8,000 13,000 16,000
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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