Problem:For the information below, first draw the network diagram and determine how long theproject will take and what the project will cost under normal conditions. Then, determinehow much each additional day crashed will cost, down to the minimum completion time.Finally, fill in the table below with the total cost to complete the project depending on howmany days it will take to complete.CrashActivity Predecessor Normal CrashTimeNormalCost/TimeCostCostDayA320003600В410001500A3215003000В7430006000EВ940006000C,D4130004800CompletionDaysCost1514131211109

Possible paths and duration: A-C-F = 12 B-D-F = 15 B-E = 13 The project will take 15 days to…

Answered: Problem: For the information 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...

See similar textbooks

Similar questions

Using the information provided in the table, the network diagram and the project completion time = 25 weeks, reduce the completion time of the project by 3 weeks in the most economical way. Activity NormalTime(weeks) NormalCost ($) CrashTime(weeks) CrashCost ($) MaximumweeksReduced CrashCost perWeek ($) A 3 500 2 900 1 400 B 4 600 3 700 1 100 C 6 800 3 1,286 3 162.00 D 6 1,500 4 2,150 2 325 E 6 1,750 4 2,250 2 250 F 5 1,200 5 1,200 0 0 G 7 1,500 5 1,794 2 147 H 3 500 3 500 0 0 Reduce G by select a number of (1-4) week(s), C by select a number (1-4) of week(s), at a cost of $ __________ enter a dollar amount .
The following information has been computed from aproject:Expected total project time = T = 62 weeksProject variance (s2p ) = 81What is the probability that the project will be completed18 weeks before its expected completion date?
Problem Statement: Project Control and Monitoring You are working on a manufacturing project having a budget of PKR 3,600,000 and expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve month. At the end of forth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project is giving the presentation to all the attendees and informed that project is on schedule and PKR 1,800,000 have already been spent on the project. Required: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?
The expected number of days to completion for a different project is E(x) = 3.32 The variance of days to completion is var(x) = 1.22 The project cost involves A fixed cost (in thousands of dollars) of FC = $83.783 A variable cost for each day taken to complete the project ($000) VC = $9.774 15 The variance of project cost is ________. a 116.548 b 113.153 c 109.858 d 106.658
Using your results from Problem 6,(a) Calculate the probability that the project will be completedin 38 weeks.(b) Calculate the probability that the project will be completedin 42 weeks
Shrink the occurrence time of the following project and find: a) The critical path and the expected project completion time. b) Find the optimal duration and optimal cost. Normal Crash Activities Time Cost Time Cost 1-2 100 1-3 150 2-4 50 2-5 100 3-4 100 4-5 80. 843324 722213 200 230 90 150 200 100
11. Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 24 months, and the project variance is 4. Part 2 a) The probability that the project will be completed in 20 months = ______ (round your response to four decimal places)
What is the minimum cost of crashing the following project that Roger Solano manages at Slippery Rock University by 4 days? Normal Cost $800 $200 $600 $750 $1,200 Normal Crash Activity Time (days) Time (days) 4 3 8 6 The total cost of crashing the project by 4 days is $ ABCDE 487 355 (Enter your response as a whole number.) Total Cost with Crashing Immediate Predecessor(s) $1,500 $1,650 By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) Each Activity Should be Reduced BY (days) Activity A B C D E $1,100 $600 $650 A C
Coleman Rich Control Devices, I nc., producescustom-built relay devices for auto makers. The most recent projectundertaken by Rich requires 14 different activities. Rich's managerswould like to determine the total project completion time(in days) and those activities that lie along the critical path. Theappropriate data are shown in the following table.a) What is the probability of being done in 53 days?b) What date results in a 99% probability of completion?
The following table describes project XYZ Duration Predecessor Variance A 5 2 B 3 A 1 C 13 A 6 D 18 B 2 E 10 B 4 F 4 D, E 1 G 11 C, E 5 H 9 F, G 2 I 2 H 1 Based on the information provided, perform the following tasks: Identify the crucial path and project duration Calculate probability that the project in going to be completed after the day 45
CRASHING AND COST PLAN Problem 3 From the following data perform crashing the project. Activity Ti7me in Weeks Cost Cost per Week Normal Crash Normal Crash 1-2 (A) 1-3 (B) 2-4 (C) 3-4 (D) 3-5 (E) 4-6 (F) 5-6 (G) 5-7 (H) 6-7 (1) 10,000 7,000 3,200 10,000 5,200 14,000 8,100 9,600 8,000 2 3 2,000 4,000 2,000 8,000 2,000 10,000 6,000 6,000 4,000 2,000 600 400 500 800 4 12 8 3 2,000 700 1 11 7 900 10 1,000 ТОTAL 33 18 P44,000 P75,100 Can we finish the project in 18 weeks instead of 33 weeks at a cost of less than P75,100 indirect cost? 87꼬735꺼e
The following information relates to a project (task times are in weeks). Use the information to solve for the critical path and then to determine the probability that the project could be completed within 36 weeks. Task A B C D E F Preceding Tasks to 4 4 2 None A B D, E tm 6 7 7 8 13 9 8 0 W CON 6 tp 8 10 12 18 15 10 Click the icon to view the table of standard normal probabilities. The probability that the project is completed within 36 weeks is. (Enter your response rounded to four decimal places.)

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

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

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

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…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS