TABLE 7.8 DATA FOR THE EQUIPMENT INSTALLATION PROJECT Activity Immediate Predecessor(s) Normal Time (weeks) Crash Time (weeks) Normal Cost ($) Crash Cost ($) A 1 7,000 10,000 B 3,000 3,000 A 3 1 12,000 40,000 D В 3 2 12,000 28,000 E 1 8,000 8,000 F D, E 3 5,000 15,000 G E 3 9,000 18,000

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...
icon
Related questions
icon
Concept explainers
Topic Video
Question

Table 7.8 contains data for the installation of new equipment in a manufacturing process at Excello Corporation. Your company is responsible for the installation project. Indirect costs are $15,000 per week, and a penalty cost of $9,000 per week will be incurred by your company for every week the project is delayed beyond week 9.
a. What is the shortest time duration for this project regardless of cost?
b. What is the minimum total cost associated with completing the project in 9 weeks?
c. What is the total time of the minimum-cost schedule?

TABLE 7.8
DATA FOR THE EQUIPMENT INSTALLATION PROJECT
Activity
Immediate Predecessor(s)
Normal Time (weeks)
Crash Time (weeks)
Normal Cost ($)
Crash Cost ($)
A
1
7,000
10,000
B
3,000
3,000
A
3
1
12,000
40,000
D
В
3
2
12,000
28,000
E
1
8,000
8,000
F
D, E
3
5,000
15,000
G
E
3
9,000
18,000
Transcribed Image Text:TABLE 7.8 DATA FOR THE EQUIPMENT INSTALLATION PROJECT Activity Immediate Predecessor(s) Normal Time (weeks) Crash Time (weeks) Normal Cost ($) Crash Cost ($) A 1 7,000 10,000 B 3,000 3,000 A 3 1 12,000 40,000 D В 3 2 12,000 28,000 E 1 8,000 8,000 F D, E 3 5,000 15,000 G E 3 9,000 18,000
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 5 images

Blurred answer
Knowledge Booster
Inventory management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.