Question
For the following construction project, the indirect cost is estimated to be $250/day. The relationships among the seven activities and their time-cost data are given
For the following construction project, the indirect cost is estimated to be $250/day. The relationships among the seven activities and their time-cost data are given below. Find the crashing alternative that will minimize the sum of direct and indirect costs.
1 B F A B D E F 2 C A 3 5 D Option 1 Option 2 Activity Duration Cost Duration Cost 4 E Option 3 Duration Cost (day) (S) (day) ($) (day) ($) 192 19,200 176 20,000 160 21,600 32 2,880 24 4,480 64 25,600 48 35,200 48 2,240 32 3,200 80 5,760 64 7,840 216 21,600 208 23,200 192 24,960 6
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To determine the crashing alternative that will minimize the sum of direct and indirect costs for the construction project we first need to understand the critical path The critical path is the sequen...Get Instant Access to Expert-Tailored Solutions
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
4th Edition
978-1118517376, 9781118800348, 1118517377, 1118800346, 978-1118582695
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