Bill Edstrom, managing partner at a biomedical consulting firm, has requested your ex-pert advice in devising the best schedule for the following consulting projects, starting on February 2.

The consulting firm charges a l at rate of $ 4,000 per day. All four firms impose fines for lateness. Reardon Biotech charges a $ 500- per- day i ne for each day that the completion of the consulting work is past the due date; Vertex Pharmaceuticals, Novartis, and OSI Pharmaceuticals all charge a i ne of $ 1,500 per day for each day late.
Prepare alternative schedules based on the following priority rules: SOT, FCFS, EDD, STR, and another rule longest processing time (LPT), which orders jobs according to longest assigned first, second longest assigned second, and so on. For the sake of simplicity, assume that consulting work is performed seven days a week. Which rule provides Bill with the best schedule?Why?

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DESCRIPTION OF CONSULTATION CALL RECEIVED DUE DATE (CLOSE OF BUSINESS TASK LEN GTH COMPANY DATE TIME 3 days 1 day 2 days 2 days Novartis Corp. Reardon Biotech Corp. February 1 Vertex Pharmaceuticals February 1 OSI Pharmaceuticals February 1 9 a.M. February 5 10 A.M. February 6 11 A.M. February 8 1 P.M. February 7 February 1