A construction contractor is responsible for a project with seven key tasks. Some of the tasks can

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A construction contractor is responsible for a project with seven key tasks. Some of the tasks can begin at any time, but others have predecessor tasks that must be completed previously. The individual tasks can be carried out at standard times or they can be expedited ("crashed"). The cost of executing the task increases by a certain cost per day if its time is shortened. The following table shows the information describing the tasks of the project, their standard and minimum times (in days), their standard costs, the crashing cost per day shortened, and the predecessor(s):
Cost/ Task Minimum Standard Standard Day to Predecessor Cost Tasks Number Time Time Shorten 1,600 6 12 100 None 2 16 2,4

The project has a deadline of 40 days, which the contractor is committed to meet.
a. If no crashing is done, how long will the project take and what will be its cost?
b. Which activities should be crashed to achieve the least-cost schedule that meets a 40-day deadline? What is the difference between its cost and the cost in part (a)?

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Management Science The Art Of Modeling With Spreadsheets

ISBN: 1301

4th Edition

Authors: Stephen G. Powell, Kenneth R. Baker

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