Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
12th Edition
ISBN: 9781259580093
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 17, Problem 16P
Chuck’s Custom Boats (CCB) builds luxury yachts to customer order. CCB has landed a contract with a mysterious New York lawyer (Mr. T). Relevant data are shown on the next page. The complication is that Mr. T wants delivery in 32 weeks or he will impose a penalty of $375 for each week his yacht is late. Note: No activity can be crashed more than two weeks.
Develop a crashing
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Preliminary plans are underway for construction of a new stadium for a major league baseball team. City officials question the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may purchase a box for $300,000. The fixed construction cost for the upper-deck area is estimated to be $4,500,000, with a variable cost of $150,000 for each box constructed.
a. What is the breakeven point for the number of luxury boxes in the new stadium?
b. Preliminary drawings for the stadium show that space is available for the construction of up to 50 luxury boxes. Promoters indicate that buyers are available and that all 50 could be sold if constructed. What is your recommendation concerning the construction of luxury boxes? What profit is anticipated?
Please do not give solution in image format thanku
Chuck’s Custom Boats (CCB) builds luxury yachts to customer order. CCB has landed a contract with a wealthy customer. Relevant data are shown in the table below. The complication is that the customer wants delivery in 32 weeks or he will impose a penalty of $375 for each week his yacht is late.
Activity
Immediate Predecessor
Normal Time (NT) Weeks
Crashing Cost
1st Week
2nd Week
A
―
9
$410
$415
B
A
7
125
--
C
A
5
45
45
D
B
4
300
350
E
C
6
50
--
F
D, E
5
200
225
G
F
8
--
--
H
F
7
85
90
I
G
6
90
--
Construct a network diagram for the project
Indicate the critical path when normal activity times are used.
Develop a crashing schedule. Note: No activity can be crashed more than two weeks.
Show breakdown of work
Chapter 17 Solutions
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
Ch. 17 - A project manager may need two skill setsthose of...Ch. 17 - Explain the term project champion and list some...Ch. 17 - List the steps in risk management.Ch. 17 - Give some examples of ethical issues that may...Ch. 17 - What are the key advantages of using project...Ch. 17 - What is a work breakdown structure, and how is it...Ch. 17 - Identify the term being described for each of the...Ch. 17 - List the main advantages of PERT. List the main...Ch. 17 - Why might a probabilistic estimate of a projects...Ch. 17 - Define each of these terms, and indicate how each...
Ch. 17 - Why might a person wish to be involved with a...Ch. 17 - Prob. 12DRQCh. 17 - What are some aspects of the project managers job...Ch. 17 - What is the main benefit of a project organization...Ch. 17 - What trade-offs are associated with time and cost...Ch. 17 - Who needs to be involved in assessing the cost of...Ch. 17 - Prob. 3TSCh. 17 - Project management techniques have been used...Ch. 17 - Give three examples of unethical conduct involving...Ch. 17 - For each of the following network diagrams,...Ch. 17 - Chris received new word processing software for...Ch. 17 - Prepare a Gantt chart for each of the following in...Ch. 17 - a. Develop a list of activities and their...Ch. 17 - For each of the problems listed, determine the...Ch. 17 - PRINTED BY: 92248ddb24ccbc6@placeholder.10274.edu....Ch. 17 - Three recent college graduates have formed a...Ch. 17 - The new director of special events at a large...Ch. 17 - PRINTED BY: 92248ddb24ccbc6@placeholder.10274.edu....Ch. 17 - The project described in the following table is...Ch. 17 - The following precedence diagram reflects three...Ch. 17 - A project manager has compiled a list of major...Ch. 17 - Here is a list of activity times for a project as...Ch. 17 - The project manager of a task force planning the...Ch. 17 - PRINTED BY: 92248ddb24ccbc6@placeholder.10274.edu....Ch. 17 - Chucks Custom Boats (CCB) builds luxury yachts to...Ch. 17 - Prob. 17PCh. 17 - Create a risk matrix in the style of Figure 17.13...Ch. 17 - Create a risk matrix for this project: Explain...Ch. 17 - CASE: The Case of the Mexican crazy quilt 1. The...Ch. 17 - CASE: The Case of the Mexican crazy quilt 2. The...Ch. 17 - CASE: The Case of the Mexican crazy quilt 3. The...Ch. 17 - CASE: The Case of the Mexican crazy quilt 4. The...Ch. 17 - CASE: The Case of the Mexican crazy quilt 5. The...Ch. 17 - B. Smitty Smith is a project manager for a large...
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- Activity normal durations, crash durations and cost Activity Normal Duration (weeks) Crash Duration (weeks) Normal Cost ($) Crash Cost ($) A-B 4 2 300,000.00 420,000.00 B-C 3 3 100,000.00 100,000.00 B-D 2 1 50,000.00 55,000.00 B-E 6 5 150,000.00 200,000.00 C-F 3 2 30,000.00 150,000.00 C-K 3 2 20,000.00 25,000.00 D-G 2 1 300,000.00 350,000.00 E-H 10 8 60,000.00 140,000.00 F-G 3 2 160,000.00 260,000.00 F-I 3 2 350,000.00 500,000.00 F-K 2 1 170,000.00 270,000.00 F-L 2 1 330,000.00 440,000.00 F-N 2 1 250,000.00 500,000.00 G-L 2 1 60,000.00 65,000.00 H-K 10 9 100,000.00 110,000.00 I-J 2 1 10,000.00 20,000.00 J-O 3 1 30,000.00 35,000.00 K-N 8 7 50,000.00 80,000.00 L-M 4 2 40,000.00 50,000.00 M-O 2 1 5,000.00 6,000.00 N-O 12 10 200,000.00 240,000.00 Note: The Crash duration represents the minimum duration where an activity is speeded up as much as possible. The crash cost represents the increased cost…arrow_forwardHow can this situation be prevented from occurring again?arrow_forwardDevelopment of Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. The activities necessary for the completion of this project are listed in the following table D Total Cost with Normal Time Crash Time Normal Immediate Activity (weeks) (weeks) Cost Crashing Predecessor(s) A 4 3 $2,000 $2,650 B 2 1 $2,300 $3,100 TTTT C 3 3 $750 $750 D 8 4 $2,300 $2,580 A E 6 3 $1,000 $1,300 B F 3 2 $3,000 $4,400 C G 4 2 $1,600 $2,000 D, E a) Based on the given information regarding the activities for the project, the project length = weeks. b) The total cost required for completing this project on normal time = $ ▼ c) For reducing the duration of the project by one week, the activity that should be crashed first is activity The cost of the project based on the first activity selected for crashing will increase by $ weeks. d) The maximum weeks by which the project can be reduced by crashing = Total cost of crashing the project to…arrow_forward
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