2. Assume the following project data given in Table 2. It is required to crash the project duration from its original duration. Assume Indirect (overhead) costs are $120 per day. a) Draw the network diagram by using AON method b) Calculate the normal duration and Normal project cost c) Least-cost and optimum point/durations for the project. d) Show the relationship between time and cost Graphically. Activity Preceded Duration (days) Cost (Birr) by Normal Crash Normal Crash A 5 4 500 600 B A 7 350 500 A 8. 5 800 920 D A 11 7 1200 1400 B,C 6. 4 600 700 F C 4 4 500 500 G D,F 7 700 1000 E,F 300 420
2. Assume the following project data given in Table 2. It is required to crash the project duration from its original duration. Assume Indirect (overhead) costs are $120 per day. a) Draw the network diagram by using AON method b) Calculate the normal duration and Normal project cost c) Least-cost and optimum point/durations for the project. d) Show the relationship between time and cost Graphically. Activity Preceded Duration (days) Cost (Birr) by Normal Crash Normal Crash A 5 4 500 600 B A 7 350 500 A 8. 5 800 920 D A 11 7 1200 1400 B,C 6. 4 600 700 F C 4 4 500 500 G D,F 7 700 1000 E,F 300 420
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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Transcribed Image Text:2. Assume the following project data given in Table 2. It is required to crash the
project duration from its original duration. Assume Indirect (overhead) costs are $120
per day.
a) Draw the network diagram by using AON method
b) Calculate the normal duration and Normal project cost
c) Least-cost and optimum point/durations for the project.
d) Show the relationship between time and cost Graphically.
Activity Preceded Duration (days) Cost (Birr)
by
Normal Crash
Normal Crash
A
5
4
500
600
B
A
7
350
500
C
A
8
800
920
D
A
11
7
1200
1400
E
B,C
6.
4
600
700
F
C
4
4
500
500
G
D,F
7
700
1000
H
E,F
6.
300
420
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