In the project considered below, activity crashing can take place over a wide range of reduction...
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In the project considered below, activity crashing can take place over a wide range of reduction times. The cost per day of reduction is given: Activity ABCO Wu А с D E F Immediate Predecessor None None A E A,B C,D Normal Time (days) 3 4 3 2 2 4 Cost/day 450 300 200 100 500 600 Lower Time Limit 1 2 1 1 1 3 For example, activity C can be crashed from its normal time of 3 days down to as little 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 long will the project take, if no crashing takes place? b) Determine the least cost way to crash activities in order to complete the project 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 is assessed for each day late. What is the optimal number of days to crash the project? Why? In the project considered below, activity crashing can take place over a wide range of reduction times. The cost per day of reduction is given: Activity ABCO Wu А с D E F Immediate Predecessor None None A E A,B C,D Normal Time (days) 3 4 3 2 2 4 Cost/day 450 300 200 100 500 600 Lower Time Limit 1 2 1 1 1 3 For example, activity C can be crashed from its normal time of 3 days down to as little 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 long will the project take, if no crashing takes place? b) Determine the least cost way to crash activities in order to complete the project 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 is assessed for each day late. What is the optimal number of days to crash the project? Why?
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This question is related to project management and specifically activity crashing which is a technique used to reduce the time on the critical path so as to complete the project earlier Heres how to a... View the full answer
Related Book For
Project Management Processes Methodologies And Economics
ISBN: 9780130413314
2nd Edition
Authors: Avraham Shtub, Jonathan F. Bard, Shlomo Globerson
Posted Date:
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