To maximize profits, which activities should be crashed

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 time (in days) for each activity is written below it. You gain $1,000 in revenue for every day faster you can complete the project.

Activity Cost per
day crashed
Max crash
days avail
A $1,100 2
B $950 1
C $1,200 3
D $600 3
E $300 1
F $800 1

 

In the text box, please answer the following:

  1. To maximize profits, which activities should be crashed, and how much? Show me as much information as you would like to in the text box, so I can see how you got to your answer. 
  2. If we do the optimal amount of crashing, how long will the project take to complete? 
  3. How much additional profit do you make from the crashing? 
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