The table below contains data for the installation of new equipment in a manufacturing process for a steel corporation. Your company is responsible for the installation project. Indirect costs are $6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company for every week the project is delayed beyond week 15.ActivityImmediatePredecessor(s)Normal Time (weeks)Crash Time (weeks)Normal Cost ($)Crash Cost ($)ANone217,00010,000BNone223,0003,000CA3112,00040,000DB3212,00028,000EC118,0008,000F D, E535,00015,000GE329,00018,000HF, G8614,00032,000Construct a network diagram for the project.What are the project completion time and the total cost under normal conditions?What is the shortest time duration for this project regardless of cost? What is the resulting total cost?What is the minimal total cost associated with completing the project in 16 weeks?What is the total time for the minimum-cost schedule? What is that minimum total cost?Show all work

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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 for a steel corporation. Your company is responsible for the installation project. Indirect costs are $6,000 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 15.

Activity	Immediate Predecessor(s)	Normal Time (weeks)	Crash Time (weeks)	Normal Cost ($)	Crash Cost ($)
A	None	2	1	7,000	10,000
B	None	2	2	3,000	3,000
C	A	3	1	12,000	40,000
D	B	3	2	12,000	28,000
E	C	1	1	8,000	8,000
F	D, E	5	3	5,000	15,000
G	E	3	2	9,000	18,000
H	F, G	8	6	14,000	32,000

Construct a network diagram for the project.
What are the project completion time and the total cost under normal conditions?
What is the shortest time duration for this project regardless of cost? What is the resulting total cost?
What is the minimal total cost associated with completing the project in 16 weeks?
What is the total time for the minimum-cost schedule? What is that minimum total cost?
Show all work

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