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 $6,000 per week will be incurred by your company for every week the project is delayed beyond week 14. Activity Immediate Normal Time Predecessor(s) (weeks) Crash Time (weeks) Normal Cost Crash Cost ($) 7,000 ($) 10,000 A 4 3 B 3 3 3,000 3,000 с A 5 3 12,000 40,000 D B 2 1 12,000 28,000 E C 1 1 8,000 8,000 F 5 4 5,000 13,000 D, E E G 3 2 9,000 15,000 a. What is the shortest time duration for this project regardless of cost? The shortest project duration regardless of cost is 11 weeks. (Enter your response as a whole number.) b. What is the minimum total cost associated with completing the project in 14 weeks? The minimum total cost to complete the project in 14 weeks is $ 227,000. (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 week(s). The minimum-cost schedule is as follows:
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 $6,000 per week will be incurred by your company for every week the project is delayed beyond week 14. Activity Immediate Normal Time Predecessor(s) (weeks) Crash Time (weeks) Normal Cost Crash Cost ($) 7,000 ($) 10,000 A 4 3 B 3 3 3,000 3,000 с A 5 3 12,000 40,000 D B 2 1 12,000 28,000 E C 1 1 8,000 8,000 F 5 4 5,000 13,000 D, E E G 3 2 9,000 15,000 a. What is the shortest time duration for this project regardless of cost? The shortest project duration regardless of cost is 11 weeks. (Enter your response as a whole number.) b. What is the minimum total cost associated with completing the project in 14 weeks? The minimum total cost to complete the project in 14 weeks is $ 227,000. (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 week(s). The minimum-cost schedule is as follows:
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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please answer all parts of the question within 30 minutes.
![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 $6,000 per week will be incurred by your company for every week the project is delayed beyond week 14.
Immediate Normal Time
Predecessor(s) (weeks)
Crash Time
(weeks)
Activity
A
Normal Cost
($)
7,000
3,000
Crash Cost
($)
10,000
4
3
B
3
3
3,000
с
A
5
3
12,000
40,000
D
B
2
1
12,000
28,000
E
с
1
8,000
8,000
F
5
4
5,000
13,000
D, E
E
3
9,000
15,000
a. What is the shortest time duration for this project regardless of cost?
The shortest project duration regardless of cost is 11 weeks. (Enter your response as a whole number.)
b. What is the minimum total cost associated with completing the project in 14 weeks?
The minimum total cost to complete the project in 14 weeks is $ 227,000. (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 week(s). The minimum-cost schedule is as follows:
1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F104f9995-5571-4062-8c1d-e1ca85ffe367%2F4e472a4e-2421-420e-bbe3-f13cf17b3676%2Fa7o5mlp_processed.png&w=3840&q=75)
Transcribed Image Text: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 $6,000 per week will be incurred by your company for every week the project is delayed beyond week 14.
Immediate Normal Time
Predecessor(s) (weeks)
Crash Time
(weeks)
Activity
A
Normal Cost
($)
7,000
3,000
Crash Cost
($)
10,000
4
3
B
3
3
3,000
с
A
5
3
12,000
40,000
D
B
2
1
12,000
28,000
E
с
1
8,000
8,000
F
5
4
5,000
13,000
D, E
E
3
9,000
15,000
a. What is the shortest time duration for this project regardless of cost?
The shortest project duration regardless of cost is 11 weeks. (Enter your response as a whole number.)
b. What is the minimum total cost associated with completing the project in 14 weeks?
The minimum total cost to complete the project in 14 weeks is $ 227,000. (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 week(s). The minimum-cost schedule is as follows:
1
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