What is the minimum cost of crashing the following project that Roger Solano manages at Slippery Rock University by 4 days?NormalCrashActivity Time (days) Time (days)ABCThe total cost of crashing the project by 4 days is $. (Enter your response as a whole number.)E5865By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.)4653ActivityABCDENormalCost$800$200$600$750$1,200Total Costwith Crashing Immediate Predecessor(s)$1,100$400$650$1,500$1,650Each Activity Should beReduced BY(days)AC

Answered: What is the minimum cost of crashing…

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...

See similar textbooks

Similar questions

A recent IBM study of 585 mobile application developers and managers found that just one-third of mobile development projects matched budget, schedule, and objective requirements. In light of this, what are some dangers for organizations like FIMC who are developing and deploying a mobile app quickly?
A project has a critical path with an expected duration of 22 and variance of 14. What is the probability it will be completed within 20-25 weeks (inclusive)? (the range of the answers account for rounding errors) Group of answer choices Between 55% and 58% Between 17% and 20% Between 47% and 52% Between 64% and 67% Between 60% and 63%
c) Total cost of crashing the project by 2 days = $_________ (Enter your response as an integer.)
(i) Project's standard deviation is the square root of the variance. Write a formula in cell F48 to compute the project's standard deviation.(j)The earliest finish time for the last activity is the Project's duration. Write a formula in cell F50 to compute the project's duration. (Hint: You have to only refer to the cell range)We would like to use the variance information to compute the probability that the entire project will be complete in 35 days. Screenshot attached thank you!! z
Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Time (weeks) Cost ($1,000s) Activity Description ImmediatePredecessor Normal Crash Normal Crash A Plan needs 10 8 30 70 B Order equipment A 8 6 120 150 C Install equipment B 10 7 100 160 D Set up training lab A 7 6 40 50 E Conduct training course D 10 8 50 75 F Test system C, E 3 3 60 (a) Develop an activity schedule. What are the critical activities? (Enter your answers as a comma-separated list.) Assume that the company wants to complete the project in six months or 26 weeks. What is the amount of crash time (in weeks) for each activity that minimizes…
Consider the office renovation project data in the following table. A "zero" time estimate means that the activity could take a very small amount of time and should be treated as a numeric zero in the analysis. Click the icon to view the table. a. Based on the critical path, find the probability of completing the office renovation project by 40 days. Refer to the standard normal table. (Make sure to round all intermediate calculations for to and variance to two decimal places.) The probability is . (Enter your response rounded to four decimal places.)
(g) Using the IF function, write a formula in J38 to display "Yes" if the activity is critical and display "No" if the activity is not critical. Copy the formula to cells J39:J44.To calculate the entire project's variance, we simply add variance for activities on the critical path. Screenshot attached tahnks!!!
Maximize p= 2x+3y+1.1z+4w subject to 1.2x+y+z+w<= 81 2.2x+y-z-w>=20 1.x+y+z+1.2w>=21 x>=0, y>=0, z>=0, w>=o p=?(x,y,z,w)= ?
A project costs $360,000 initially and will generate project cash flows of $50,000 every year for 8 years. The required return for the project is 9%. What is the NPV of the project (in $)? p+ decimals Submit
Office Automation Inc., developed a proposal for implementing a software system that will standardize the accounts payable function by automatically issuing an electronic payment upon receipt of the vendor invoice. Contained in the proposal is a list of activities that must be accomplished to complete the project. The following table contains relevant information about the activities. Activity A B с D E F Description Plan needs Order equipment Install equipment Set up training lab Conduct training course Test system Immediate Predecessor A B A D C, E Time (weeks) Normal Crash 10 8 10 7 10 3 6 7 6 8 3 Cost ($1,000s) Normal 30 120 100 40 50 60 Crash 70 150 160 50 75
The client of a project has requested the project team to crash 8 hours of time. The table below provides the necessary information about the possible project crashing. (a) What is the crash cost for 8 hours of time-savings?(b) Assume the team calls the client and asks for a project extension, reducing the amount of time they need to crash. The project team has a $20 crash budget. Is the budget sufficient to crash 4 hours of time?
A Company wants to execute a project within 95 weeks. This project includes 10 activities (labeled A, B, ..., J), where their precedence relationships are shown in the following table: Predecessor Normal Crash Normal Cost Crash Cost Activity Activity Time(weeks) Time(weeks) (in million S) (in million S) A 32 28 160 180 В 28 25 125 146 C A 36 31 170 210 D B 16 13 60 72 E 32 27 135 160 B 54 47 215 257 D 17 15 90 96 H E,G 20 17 120 132 E,G 34 30 190 226 F.C 18 16 80 84 a) Draw the project network according to the previous table. (b)Find all possible paths and the corresponding lengths to finish the project. (c) Which is the critical path and what is its length? (d) Determine the least expensive way to crash activities to reduce overall duration to 95 weeks using Marginal cost analysis.

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS