help me with part c. 2. NYC Real Estate is purchasing an old office building in order to renovate it. The renovation projectconsists of 7 activities which are given below. The duration of each activity is given in weeks and theprecedence relationships among the activities are given as well.ActivityDescriptionImmediatePredecessorsDuration (weeks)ASecure Financing2BHire Employees4CBuy MaterialsA3DPurchase PropertyA2EClean Old BuildingD3FPerform RenovationB,C,E4GSign TenantsD5Here is the precedence graph for this project.D(2)G(5)E(3)A(2)C(3)B(4)F(4)a. Using the critical path method learned in class, determine the earliest start, earliest finish, lateststart, and latest finish times of each activity. In addition, compute the slack of each activity. b. What is the minimum amount of time needed to complete the renovation project? Also, what arethe critical activities and the critical path(s) of the project?c. Suppose that due to market competition, NYC Real Estate would like to complete its ren ovationproject within the next 9 weeks. For each week beyond the 9 weeks deadline, it faces a $800penalty. The following table details NYC Real Estate's project crashing options.ActivityImmediatePredecessorNormalCrashNormalCrashDurationDurationCostCostCrashCost perS(weeks)(weeks)WeekA-21$1,300$2,150$850B42$800$1,800$500сA33$2,000$2,000DA21$1,600$2,000$400ED31$1,500 $1,900$200FB,C,E42$1,000$2,100$550GD53$2,200$3,600$700Using the greedy method learned in class, crash NYC Real Estate's renovation project for as manyweeks as it is profitable to do so. For each week of crashing, identify the activities to be crashed,the cost of crashing, and the resulting critical path(s) after performing the crashing. If it no longerbecomes profitable to crash the project, then clearly state why.15

We solve part C only as mentioned in the question

c. Suppose that due to market competition, NYC Real Estate would like to complete its renovation project within the next 9 weeks. For each week beyond the 9 weeks deadline, it faces a $800 penalty. The following table details NYC Real Estate's project crashing options. Activity Immediate Predecessor Normal Crash Normal Crash Duration Duration Cost Cost Crash Cost per S (weeks) (weeks) Week A B - 2 1 $1,300 $2,150 $850 - 4 2 $800 $1,800 $500 с A 3 3 $2,000 $2,000 - D A 2 1 $1,600 $2,000 $400 E D 32 1 $1,500 $1,900 $200 F B,C,E 4 2 $1,000 $2,100 $550 G D 5 3 $2,200 $3,600 $700 Using the greedy method learned in class, crash NYC Real Estate's renovation project for as many weeks as it is profitable to do so. For each week of crashing, identify the activities to be crashed, the cost of crashing, and the resulting critical path(s) after performing the crashing. If it no longer becomes profitable to crash the project, then clearly state why. [

c. Suppose that due to market competition, NYC Real Estate would like to complete its renovation project within the next 9 weeks. For each week beyond the 9 weeks deadline, it faces a $800 penalty. The following table details NYC Real Estate's project crashing options. Activity Immediate Predecessor Normal Crash Normal Crash Duration Duration Cost Cost Crash Cost per S (weeks) (weeks) Week A B - 2 1 $1,300 $2,150 $850 - 4 2 $800 $1,800 $500 с A 3 3 $2,000 $2,000 - D A 2 1 $1,600 $2,000 $400 E D 32 1 $1,500 $1,900 $200 F B,C,E 4 2 $1,000 $2,100 $550 G D 5 3 $2,200 $3,600 $700 Using the greedy method learned in class, crash NYC Real Estate's renovation project for as many weeks as it is profitable to do so. For each week of crashing, identify the activities to be crashed, the cost of crashing, and the resulting critical path(s) after performing the crashing. If it no longer becomes profitable to crash the project, then clearly state why. [

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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