A house flipper found a diamond in the rough and, after buying it at a sheriff's auction, has identified six systems that need significant work. The estimated completion times (in weeks) and costs are identified in the table alongside a set of expedited completion times and the crash costs.ActivityNormal timeCrash timeNormal CostCrash CostPredecessorA1075,0007,200 B151010,00015,000AC201518,00024,000BD201720,00026,000 E151212,00014,700DF1277,20012,700EWhat is the lowest cost to complete this project in 40 days? a. $99,600 b. $83,500 c. $89,300 d. $95,400

Critical Path Method is a technique that helps in identifying tasks or activities that are necessary…

Answered: What is the lowest cost to complete…

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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Question

A house flipper found a diamond in the rough and, after buying it at a sheriff's auction, has identified six systems that need significant work. The estimated completion times (in weeks) and costs are identified in the table alongside a set of expedited completion times and the crash costs.

Activity	Normal time	Crash time	Normal Cost	Crash Cost	Predecessor
A	10	7	5,000	7,200
B	15	10	10,000	15,000	A
C	20	15	18,000	24,000	B
D	20	17	20,000	26,000
E	15	12	12,000	14,700	D
F	12	7	7,200	12,700	E