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 $10,000 per week will be incurred by your company for every week the project is delayed beyond week 14. What is the shortest time duration for this project regardless of cost? What is the minimum total cost associated with completing the project in 14 weeks? What is the total time of the minimum-cost schedule
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 $10,000 per week will be incurred by your company for every week the project is delayed beyond week 14. What is the shortest time duration for this project regardless of cost? What is the minimum total cost associated with completing the project in 14 weeks? What is the total time of the minimum-cost schedule
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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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 $10,000 per week will be incurred by your company for every week the project is delayed beyond week 14.
What is the shortest time duration for this project regardless of cost?
What is the minimum total cost associated with completing the project in 14 weeks?
What is the total time of the minimum-cost
Transcribed Image Text:Activity Immediate Predecessor(s)
A
BCDEFG
с
ח
A
B
с
D, E
E
Normal Time
(weeks)
4
35 N - 50 3
NG W
2
1
3
Crash Time Normal Cost Crash Cost
(weeks)
($)
($)
3
7,000
10,000
3
3,000
3,000
3
1
1
4
IN
2
12,000
12,000
8,000
5,000
9,000
40,000
28,000
8,000
13,000
15,000
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