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Lance Armstrong’s Bike Shop is behind on a custom bike and needs to crash 8 hours of time from the 8-step project. Draw the Network Diagram. Given the project table below calculate the crash cost for 8 hours of time-savings. Suppose Lance calls the customer and asks for a project extension, reducing the amount of time he needs to crash. Lance has a $20 crash budget. Is the budget sufficient to crash 4 hours of time?

Lance Armstrong’s Bike Shop is behind on a custom bike and needs to crash 8 hours of time from the 8-step project. Draw the Network Diagram. Given the project table below calculate the crash cost for 8 hours of time-savings. Suppose Lance calls the customer and asks for a project extension, reducing the amount of time he needs to crash. Lance has a $20 crash budget. Is the budget sufficient to crash 4 hours of time?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Lance Armstrong’s Bike Shop is behind on a custom bike and needs to crash 8 hours of time from the 8-step project.

  1. Draw the Network Diagram.
  2. Given the project table below calculate the crash cost for 8 hours of time-savings.
  3. Suppose Lance calls the customer and asks for a project extension, reducing the amount of time he needs to crash. Lance has a $20 crash budget. Is the budget sufficient to crash 4 hours of time?

 

Normal Crash Normal Crash Immediate Activity Duration Duration Cost ($) Cost (S) Predecessors (hours) (hours) A 2 10 2 0 None B 3 15 2 23 A C 5 25 4 30 B D 3 20 1 24 C E 6 30 4 45 C F 1 5 1 0 C,E G 7 35 6 50 F H 10 50 7 62 D.G
Transcribed Image Text:Normal Crash Normal Crash Immediate Activity Duration Duration Cost ($) Cost (S) Predecessors (hours) (hours) A 2 10 2 0 None B 3 15 2 23 A C 5 25 4 30 B D 3 20 1 24 C E 6 30 4 45 C F 1 5 1 0 C,E G 7 35 6 50 F H 10 50 7 62 D.G
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