c. Suppose that the indirect costs of the project amount to $200 per day. Find theoptimal number of days to perform the project by expediting one day at a time.What is the total project cost at the optimal solution? What savings have beenrealized by expediting the project? 30. Consider the following project time and cost data:ImmediateNormalExpeditedNormalExpeditedCostActivityPredecessorsTimeTimeCost$ 200$ 2001,0001,000800500840A6BA104600A12625DB700B7200FC, D9.4001,0001,100E14101,4401,460E, F108

Name: c. Suppose that the indirect costs of the project amount to $200 per d
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Description: c. Suppose that the indirect costs of the project amount to $200 per day. Find theoptimal number of days to perform the project by expediting one day at a time.What is the total project cost at the optimal solution? What savings have beenrealized by

Given Data Activity Immediate Predecessor Normal Time Expedited Time Normal Cost Expedited…

Business

Operations Management

30. Consider the following project time and cost data: Immediate Normal Expedited Normal Expedited Cost Activity Predecessors Time Time Cost $ 200 $ 200 1,000 1,000 800 500 840 A 6 B A 10 4 600 A 12 625 D B 700 B 7 200 F C, D 9. 400 1,000 1,100 E 14 10 1,440 1,460 E, F 10 8

30. Consider the following project time and cost data: Immediate Normal Expedited Normal Expedited Cost Activity Predecessors Time Time Cost $ 200 $ 200 1,000 1,000 800 500 840 A 6 B A 10 4 600 A 12 625 D B 700 B 7 200 F C, D 9. 400 1,000 1,100 E 14 10 1,440 1,460 E, F 10 8

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

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The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 14 The expected value of the project cost is $_______ thousand. a 109.364 b 112.746 c 116.233 d 119.828
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