Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with the mathemathical solving problem. Minimum Cost Schedule ( 2 5 points ) . Information concerning a project is given in the

I need help with the mathemathical solving problem. Minimum Cost Schedule (25 points). Information concerning a project is given
in the table below.
Activity Normal
Time
(days)
Normal
Cost ($)
Crash
Time
(days)
Crash Cost
($)
Immediate
Predecessor(s)
A 5100041200-
B 580032000-
C 26001900 A,B
D 3150022000 B
E 590031200 C,D
F 2130011400 E
G 39003900 E
H 55003900 G
Indirect project costs amount to $250 per day. The company will incur a $100 per
day penalty for each day the project lasts beyond day 14.
a. What is the projects duration if only normal times are used?
b. What is the minimum-cost schedule?
c. What is the critical path for the minimum-cost schedule?

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_2

Step: 3

blur-text-image_3

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

Engineering Risk Management

Authors: Genserik Meyer, Thierry, Reniers

3rd Edition

311066531X, 978-3110665314

More Books

Students also viewed these General Management questions

Question

Give two examples of contra-revenue accounts. LO.1

Answered: 1 week ago