The durations and direct costs for each activity in the network of a small construction contract under both normal and crash conditions are given in below table. Establish the least cost for expediting the contract. Determine the optimum duration of the contract assuming the indirect cost amounts to SR 125/week. Activity ABCDE F G H I Preceded by A A B B с E.C F D. G. H Normal Duration (weeks) 12 8 15 23 5 5 20 13 12 Cost (SR) 7000 5000 4000 5000 1000 3000 6000 2500 3000 36500 Duration (weeks) 10 6 12 23 4 4 15 Crash 10 Cost (SR) 7200 5300 4600 5000 1050 3300 6300 2580 3150 38470

The durations and direct costs for each activity in the network of a small construction contract under both normal and crash conditions are given in below table. Establish the least cost for expediting the contract. Determine the optimum duration of the contract assuming the indirect cost amounts to SR 125/week. Activity ABCDE F G H I Preceded by A A B B с E.C F D. G. H Normal Duration (weeks) 12 8 15 23 5 5 20 13 12 Cost (SR) 7000 5000 4000 5000 1000 3000 6000 2500 3000 36500 Duration (weeks) 10 6 12 23 4 4 15 Crash 10 Cost (SR) 7200 5300 4600 5000 1050 3300 6300 2580 3150 38470

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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The G&E Company is preparing a bid to build the new 47,000-seat Shoreline baseball stadium. The construction must start on Jan 01 2022, and be completed in time for the finals of the 2024 season. A penalty clause of $250,000 per week of delay beyond October 1st, 2024 is written into the contract. George Earnings, the president of the company, expressed optimism at obtaining the contract and revealed that the company could net as much as $3 million on the project. He also said if they succeed, the prospects of future projects are bright since there is a projected renaissance in building classic ballparks with modern luxury boxes. ID Activity Duration Predecessor(s) 1 Baseball Stadium 2 Clear stadium site 70 days — 3 Demolish building 30 days 2 4 Set up construction site 70 days 3 5 Drive support piling 120 days 4 6 Pour lower concrete bowl 120 days 5 7 Pour main concourse 120 days 6 8…
4. Using a discounted rate of 12 percent, INITIAL COST NET CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PROJECT A (BROILER) K100,000 (20,000) 10,000 40.000 40.000 150.000 PROJECT B (LAYERS) K100,000 33,000 33,000 33,000 33,000 33,000 a. Determine the net present value of project A and B b. Calculate the IRR on mutually exclusive investment of project A and B. C. Which project must the farm undertake and why?
Davidson Enterprises has a policy that individual expenditures in excess of $200,000 must be approved by the firm's board of directors. Ken Franklin (the sales manager of Davidson Enterprises), unfortunately, missed the deadline to have the board consider this project at its regular Septeinber meeting. Not waating to wait atil the next meeting in December, he subdivided the project into two parts-conitrction and decorsting (S190.000), and equipment puechases (S60.000)ither of which needed board approval because of the dollar amounta volved. The project was recently completed, and sales have hegun to recover. Required: Evaluate the act of Mr. Ken using the ethical decision-making model and support your answer with the relevant ethical theories
ASAP
Note: end of the question answer also given. I want A&D only. Onc aagain remember I want only A&D part A. What is the probability that path A-B-D-F-G will take from 100 to 120 days to complete? Answer = 40.2% B. What is the probability that path A-C-E-G will take less than 85 days to complete? Answer = 32.64% C. If the contract for the above project is 120 days, what is the chance of meeting the schedule? Answer = 86.3% D. What duration (number of full days) should be used to be at least 90% confident of finishing on time? Answer = 125 days - Probability of 93%
Students shall, with a point of view of him/herself as project manager (PM), submit a Project Management Plan (PMP) for the given engineering project below: - “Procurement & Installation of Emergency Generator at Fire station” Students are allowed to propose their own project, given that the projects shall have enough scale to address the element described below:- a. Student should produce a project definition statement regarding the proposed project. b. Student should propose a suitable project team to carry out the project. Student should in the PMP describe the duties and power of different team memebrs in the project. c. The PMP shall include a risk management plan, which student shall identify, analyse and proposed mitigations measures for smooth delivery of the project deliverables. The risk manamgenet plan shall include a risk register d. The PMP shall include a quality management plan, which student shall propose a method statement to control the quality of the delivery of…
Example: Undertaking by a contractor to implement a contracting for excavation works according to the scheme below, undertaking to complete the work within a period of 36 weeks with a probability of 99% between in light of the contractor's probability. The actual time period for the completion of the project within the PERT technology? Act. a b te u C.P 1-2 7 8. 6.33 1 1 *1,2 2-3 6. 9 6.33 0.66 0.443 *2 2-4 3 7 8. 6.5 0.83 .693 *1 2-5 4 6. 0.33 3-6 9. 10 8.66 0.66 0.443 *2 4-7 6. 8 11 8.166 0.83 .693 *1 5-7 4 7 5.83 0.5 6-8 7 10 7.16 0.83 .693 *2 7-8 4 8 7.5 0.83 .693 *1 8-9 4 7 9 6.83 0.83 .693 *1,2
Preliminary plans are underway for construction of a new stadium for a major league baseball team. City officials question the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may purchase a box for $300,000. The fixed construction cost for the upper-deck area is estimated to be $4,500,000, with a variable cost of $150,000 for each box constructed. a. What is the breakeven point for the number of luxury boxes in the new stadium? b. Preliminary drawings for the stadium show that space is available for the construction of up to 50 luxury boxes. Promoters indicate that buyers are available and that all 50 could be sold if constructed. What is your recommendation concerning the construction of luxury boxes? What profit is anticipated?
The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has assigned you to this project to help ensure that it stays on schedule. The contract includes the following provisions: A penalty of 300,0000 Rs. if Project has not completed construction by the deadline 47 weeks. To provide additional incentive for speedy construction, a bonus of 150,0000 Rs. will be paid to if the building is completed within 40 weeks. Activity Activity Description Immediate Predecessors Estimated Duration (Weeks) Crew size Norm. Min. A Excavate - 2 5 2 B Lay the foundation A 4 3 2 C Put up the rough wall B 10 6 3 D Put up the roof C 6 6 3 E Exterior plumbing C 4 3 2 F Interior plumbing E 5 3 2 G Exterior siding D 7 5 3 H Exterior painting E, G 9 3 2 I Electrical work C 7 3 1 J Put up the wallboard F, I 8 4 2 K…
Create a project breakdown structure
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