Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following project: Activity Predecessor Normal Time (day) Normal Cost ($) Crash Time Crash Cost (day) ($) 10 10 5000 A B 5000 1200

image text in transcribed

Given the following project: Activity Predecessor Normal Time (day) Normal Cost ($) Crash Time Crash Cost (day) ($) 10 10 5000 A B 5000 1200 12 11 1300 C A,B 11 3600 9 D 5 4 300 1000 E 8 6 4800 600 2000 5400 1000 F 9 2400 7 G D,E,F 700 7 (a) Draw the network and find The critical path Duration of the project, total cost of project using normal times. (b) Calculate the maximum time reduction and crash cost-per-day (all activities may be partially crashed) for each activity. Then fill the table below. Activity Maximum Time Reduction (day) Cost to Crash per Period ($/day) A B C D E F G (c) Calculate the cost of the project at all time durations (decrease total duration by one day on each iteration) until you can no longer crash the project any further. Project Duration (day) Total Direct Costs Normal duration Normal duration - 1 day Normal duration -2 day Normal duration -3 day Normal duration -4 day Normal duration - 5 day Normal duration -6 day

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_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

Effective Delivery Effective

Answered: 1 week ago