Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Consider a project with the following information: Activity Preceded by Normal Duration (Days) Normal Cost Crashed Duration (Days) Crashed Cost ($) (S) 10 10000

image text in transcribed
1. Consider a project with the following information: Activity Preceded by Normal Duration (Days) Normal Cost Crashed Duration (Days) Crashed Cost ($) (S) 10 10000 15000 13000 21000 4500 12000 5000 20000 5000 1 1000 1000 2000 Questions 1.1., 1.2., 1.3., and 1.4. are related to this project. 1.1. Assuming a linear relationship between time and cost for each activity, calculate the Cost per Day saved for activity C. (Please give your answers without units and in dollars) Answer: $2500 1.2. Assuming a linear relationship between time and cost for each activity, calculate the Cost per Day saved for activity F. (Please give your answers without units and in dollars) Answer: $500 1.3. Which activity do you extend in the Crashed network to decrease the cost but remain within the minimum completion time? O a. Activity D because it has the highest cost to expedite so the duration would be extended to 4. O b. Either activity D or E because they have the same cost to expedite. O c. Activity E because it is the critical activity with the highest cost to expedite so the duration would be extended to 5. 1.4. Assume that you have 17 days to complete the project. What is the minimum cost to complete it? (Please give your answers without units and in dollars)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Airline Finance

Authors: Peter S. Morrell

4th Edition

1351959743, 978-1351959742

More Books

Students also viewed these Finance questions