Question: Assume that the project activities can be crashed as shown in the following table. Overhead costs are $800/day and the project will incur liquidated damages

 Assume that the project activities can be crashed as shown in

Assume that the project activities can be crashed as shown in the following table. Overhead costs are $800/day and the project will incur liquidated damages of $1,500/day for every day past the 18-day specified project duration. You will receive a $1,500/day bonus for completing the project in less than 18 days. Determine the overall minimum project cost and the project duration that provides the minimum project cost. (34 points) Activity Predecessors Normal Cost Normal Duration (days) 2 4 Crashing Cost (per day) A B Minimum Duration (days) 2 2 1 3 5 2 $1,600 $1,600 B B D E F G H I J K 3 $1,500 $3,500 $2,000 $2,500 $10,000 $8,000 $4,500 $12,000 $2,500 $1,500 $3,500 B A, F C G E, I D, H 3 8 4 5 11 5 2 4 $1,900 $1,000 $1,100 $800 $1,500 9 3 2 2 $2,000

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