The detail of the direct cost for project XYZ are given in Table 1. Table 1 Details for Project XYZ Normal Direct Cost Activity Predecessor Maximum Slope Time (day) crash time A B 100 A 3 150 100 50 A 4 200 1 D B C 3 200 200 150 1 60 E 4 F 70 90 D.E 1 The indirect cost is listed in Table 2. i If the project needs to be crashed from its initial time, T1 to T5, list the step-by-step changes in activity and the direct cost to crash the project in Table 2, ii. Identify the project's lowest cost possible within T1-T5 duration Table 2 Step Activity crashed Project Duration Total Direct Indirect Total Cost Cost Cost 1 Initial time T1 900 New time T2 800 New time T3 600 New time T4 550 New time T5 500 2344
The detail of the direct cost for project XYZ are given in Table 1. Table 1 Details for Project XYZ Normal Direct Cost Activity Predecessor Maximum Slope Time (day) crash time A B 100 A 3 150 100 50 A 4 200 1 D B C 3 200 200 150 1 60 E 4 F 70 90 D.E 1 The indirect cost is listed in Table 2. i If the project needs to be crashed from its initial time, T1 to T5, list the step-by-step changes in activity and the direct cost to crash the project in Table 2, ii. Identify the project's lowest cost possible within T1-T5 duration Table 2 Step Activity crashed Project Duration Total Direct Indirect Total Cost Cost Cost 1 Initial time T1 900 New time T2 800 New time T3 600 New time T4 550 New time T5 500 2344
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...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 3 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
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
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
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.