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Chucks Custom Boats (CCB) builds customer luxury yachts. CCB has landed a contract with a mysterious New York real estate developer, Mr. T. Relevant data
Chucks Custom Boats (CCB) builds customer luxury yachts. CCB has landed a contract with a mysterious New York real estate developer, Mr. T. Relevant data on the project are shown below. The complication is that Mr. T wants delivery in 30 weeks or he will impose a penalty of $250 for each week his yacht is late. Determine the lowest cost plan for crashing this project.
Note: All numbers are in thousands, but keep them that way (i.e., don't enter the last three zeros).
What is the expected project duration before crashing any activities?
- What is the cost of the second crash?
- What is the cost of the seventh crash?
- What is the total cost of all crashes that should be done to minimize costs?
- How much should be spent on penalties?
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