In the project considered below, activity crashing can take place over a widerange of reduction times. The cost per day of reduction is given:ActivityImmediateNormal TimeCost/dayLower TimePredecessor(days)LimitANone34501BNone43002A3200DE100EA,B5001FC.D46003For example, activity C can be crashed from its normal time of 3 days down to aslittle as 1 day or anywhere in between; the cost per day to crash C is 200.a) Draw a network diagram for this project. What is the critical path? How longwill the project take, if no crashing takes place?b) Determine the least cost way to crash activities in order to complete theproject in 11 days; in 10 days; in 9 days; in 8 days.c) Suppose the due date for the project is 5 days and a penalty of $500 a day isassessed for each day late. What is the optimal number of days to crash theproject? Why?

Answered: In the project considered below,…

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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