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A project has activities, durations, costs, and precedence relationships as shown in the following table. Immediate Predecessor Path A-C-E A-D-H-I B-F-H-I Activity B-G-I A B с D E F G $26,000 $21,000 $29,000 $34,000 $31,000 $15,000 $24,000 $12,000 $17,000 $10,000 $14,000 Develop a time-cost trade-off analysis. Detail the steps that you would use to accelerate or crash the project to its minimum duration at the lowest cost. Determine each step's cost and the duration of the project. Length of Path (weeks) H I Present Duration (Weeks) Project is reduced from Activity Crashed (1 week) Additional Cost for Crashing 8 13 8 18 13 15 10 7 5 $ to B Accelerated Duration B (Weeks) 7 I 11 4 16 8 13 8 6 4 H 7 D, F weeks at an additional cost (in $) of $ A A с B B D, F G, H $ Present Cost $11,000 $20,000 $9,000 $25,000 $20,000 $20,000 D, F Accelerated Cost $16,000

A project has activities, durations, costs, and precedence relationships as shown in the following table. Immediate Predecessor Path A-C-E A-D-H-I B-F-H-I Activity B-G-I A B с D E F G $26,000 $21,000 $29,000 $34,000 $31,000 $15,000 $24,000 $12,000 $17,000 $10,000 $14,000 Develop a time-cost trade-off analysis. Detail the steps that you would use to accelerate or crash the project to its minimum duration at the lowest cost. Determine each step's cost and the duration of the project. Length of Path (weeks) H I Present Duration (Weeks) Project is reduced from Activity Crashed (1 week) Additional Cost for Crashing 8 13 8 18 13 15 10 7 5 $ to B Accelerated Duration B (Weeks) 7 I 11 4 16 8 13 8 6 4 H 7 D, F weeks at an additional cost (in $) of $ A A с B B D, F G, H $ Present Cost $11,000 $20,000 $9,000 $25,000 $20,000 $20,000 D, F Accelerated Cost $16,000

Practical Management Science
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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A project has activities, durations, costs, and precedence relationships as shown in the following table. Accelerated Duration (Weeks) Immediate Predecessor Path A-C-E A-D-H-I B-F-H-I Activity B-G-I A B с D E F GJ H I Present Duration (Weeks) Project is reduced from Activity Crashed (1 week) Additional Cost for Crashing 8 13 8 18 13 15 10 7 5 $ to B B 7 I 11 4 16 8 13 8 6 4 $14,000 Develop a time-cost trade-off analysis. Detail the steps that you would use to accelerate or crash the project to its minimum duration at the lowest cost. Determine each step's cost and the duration of the project. Length of Path (weeks) H D, F A weeks at an additional cost (in $) of $ A U B B D, F G, H Present Cost D, F $11,000 $20,000 $9,000 $25,000 $20,000 $20,000 $15,000 $12,000 $10,000 Accelerated Cost $16,000 $26,000 $21,000 $29,000 $34,000 $31,000 $24,000 $17,000
Transcribed Image Text:A project has activities, durations, costs, and precedence relationships as shown in the following table. Accelerated Duration (Weeks) Immediate Predecessor Path A-C-E A-D-H-I B-F-H-I Activity B-G-I A B с D E F GJ H I Present Duration (Weeks) Project is reduced from Activity Crashed (1 week) Additional Cost for Crashing 8 13 8 18 13 15 10 7 5 $ to B B 7 I 11 4 16 8 13 8 6 4 $14,000 Develop a time-cost trade-off analysis. Detail the steps that you would use to accelerate or crash the project to its minimum duration at the lowest cost. Determine each step's cost and the duration of the project. Length of Path (weeks) H D, F A weeks at an additional cost (in $) of $ A U B B D, F G, H Present Cost D, F $11,000 $20,000 $9,000 $25,000 $20,000 $20,000 $15,000 $12,000 $10,000 Accelerated Cost $16,000 $26,000 $21,000 $29,000 $34,000 $31,000 $24,000 $17,000
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