Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A construction project has a deadline of 25 weeks. And there is a penalty of S55,000 for every week the project is delayed after the

image text in transcribed
A construction project has a deadline of 25 weeks. And there is a penalty of S55,000 for every week the project is delayed after the 25 weeks. The activities in the project, their sequence relationships, and their expected normal times are shown in the network. The activities, their expected normal times, and their crash costs are shown in the table below: Note: There are 4 paths in this network (posted on Canvas as a separate file) Crash Costs (5000) Time week Activity Normal we 5 SES 24 30 4 11 4 F G zZE= = = = en 9 K 14 (a) Determine the minimum cost crashing plan to minimize the penalty. List in the correct ordero all the activities that will be selected in this plan. Obviously, you will continue to crash as long as the weekly crash costs are less than the weekly penalty. (3 points) (b) Determine the total savings for the above case. (I point) Hint for (b): For example, if you are spending $10.000 to crash a project by one week, and if your penalty is S55,000 for one week, then your savings are $45,000 for that week. B(8) A(5) FA) 2) H(S) (12) 2(3) 018) NO) A construction project has a deadline of 25 weeks. And there is a penalty of S55,000 for every week the project is delayed after the 25 weeks. The activities in the project, their sequence relationships, and their expected normal times are shown in the network. The activities, their expected normal times, and their crash costs are shown in the table below: Note: There are 4 paths in this network (posted on Canvas as a separate file) Crash Costs (5000) Time week Activity Normal we 5 SES 24 30 4 11 4 F G zZE= = = = en 9 K 14 (a) Determine the minimum cost crashing plan to minimize the penalty. List in the correct ordero all the activities that will be selected in this plan. Obviously, you will continue to crash as long as the weekly crash costs are less than the weekly penalty. (3 points) (b) Determine the total savings for the above case. (I point) Hint for (b): For example, if you are spending $10.000 to crash a project by one week, and if your penalty is S55,000 for one week, then your savings are $45,000 for that week. B(8) A(5) FA) 2) H(S) (12) 2(3) 018) NO)

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

European Financial Reporting Adapting To A Changing World

Authors: J. Flower

2nd Edition

0333685180, 9780333685181

More Books

Students also viewed these Accounting questions

Question

please try to give correct answer 5 9 3 . .

Answered: 1 week ago

Question

What are the general types of interviews? Explain each.

Answered: 1 week ago

Question

6 How can HRM contribute to ethical management and sustainability?

Answered: 1 week ago