TechConsult Projects Ltd provides technical services to various small businesses in the San Antonio area. They have four technicians available to schedule and Tech1 can work for 160 hours, Tech2 can work for 110 hours, Tech3 can work for 160 hours, and Tech4 can work for 130 hours in the next month. Four clients are seeking technical services from the company and each of them requires 140 hours of technical support in the next month. The billing rates for the technicians are based on the type of work each client project requires and the skills they have. The rates in dollars per hour are as follows. Based on the E-clips example from the textbook, you can see that this is an assignment problem because the goal of TechConsult is to maximize their billing for the month. Create a network, a linear program, and find the optimal values of the hours that each technician should be assigned for each client and answer the questions below the table (it is okay to round to whole numbers for all answers). Don’t forget to include the networks and LP in your Excel Solutions file: Dollars per hour rate Technicians Client 1 Client 2 Client 3 Client 4 Tech1 $75 $80 $85 $90 Tech2 $85 $90 $90 $75 Tech3 $80 $85 $85 $90 Tech4 $90 $80 $90 $85 The Optimum Billing Revenue is $ Fill in the blanks with how many hours are assigned to each technician for each client in the following table: Technician Client 1 Client 2 Client 3 Client 4 Tech1 Tech2 Tech3 Tech4
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
hapter 9. TechConsult Projects Ltd provides technical services to various small businesses in the San Antonio area. They have four technicians available to
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Dollars per hour rate |
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Technicians |
Client 1 |
Client 2 |
Client 3 |
Client 4 |
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Tech1 |
$75 |
$80 |
$85 |
$90 |
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Tech2 |
$85 |
$90 |
$90 |
$75 |
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Tech3 |
$80 |
$85 |
$85 |
$90 |
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Tech4 |
$90 |
$80 |
$90 |
$85 |
- The Optimum Billing Revenue is $
- Fill in the blanks with how many hours are assigned to each technician for each client in the following table:
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Technician |
Client 1 |
Client 2 |
Client 3 |
Client 4 |
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Tech1 |
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Tech2 |
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Tech3 |
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Tech4 |
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