13. The Advanced Tech Company has a project to design an integrated information databasefor a major bank. Data for the project are given in Table 7.60. Indirect project costsamount to $300 per day. The company will incur a $150 per day penalty for each day theproject lasts beyond day 14.Table 7.6 Database Design Project DataActivityABCDEFGHNormalTime(days)64326244NormalCost (S)1,0008006001,5009001,300900500CrashTime(days)52214142CrashCost ($)1,2002,0009002,0001,2001,400900900a. What is the project's duration if only normal times are used?b. What is the minimum-cost schedule?c. What is the critical path for the minimum-cost schedule?ImmediatePredecessor(s)A, BBC, DEEG

Answered: 13. The Advanced Tech Company has a…

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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Please do not give solution in image format thanku Let xi = 1 if Project i is selected, i = 1,2,3,4,5; and 0 otherwise: Which answer below indicates that if Project 2 is selected, then Project 4 must be selected? Group of answer choices None of the above x2 + x4 = 1 x2 + x4 ≤ 1 x4 ≤ x2 x2 ≤ x4
What is 1 Project scope, 2 stakeholders, 3goals, budget, 4plan, 5deliverables 6duration. 7constraints, 8risks, 9 Gantt chart. for project Metro Transit App This app will help its users to buy their tickets online based on their destinations. It will help the users to organize their daily trips and which bus or train they should take, and day and time of each trip leg. The detailed requirements are not fully specified at this point of time.
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The Advanced Tech Company has a project to design an integrated information data base for a major bank. Data for the project are given in the following table. Indirect project costs amount to $250 per day. The company will incur a $200 per day penalty for each day the project lasts beyond day 12. Activity Normal Time (days) Normal Cost ($) Crash Time (days) Crash Cost ($) Immediate Predecessor(s) A 5 800 4 1,000 − B 5 1,100 2 2,900 − C 2 600 1 900 A, B D 3 1,200 2 2,000 B E 3 1,500 2 1,700 C, D F 2 1,300 1 1,400 E G 3 900 3 900 E H 5 500 2 800 G a. What is the project's duration if only normal times are used? The project duration is nothing day(s). (Enter your response as an integer.)…
4. Transrail is bidding on a project that it figures will cost $400,000 to perform. Using a 25% markup, it will charge $500,000, netting a profit of $100,000. However, it has been learned that another company, Rail Freight, is also considering bidding on the project. If Rail Freight does submit a bid, it figures to be a bid about $470,000. Transrail really wants this project and is considering a bid with only a 15% markup to $460,000 to ensure winning regardless of whether or not Rail Freight submits a bid. a. Prepare a profit payoff table from Transrail’s point of view. (6 points) b. For this payoff table find Transrail’s optimal decision using (1) the pessimistic approach, (2) the optimistic approach, and (3) minimax regret approach. (10 points) c. If Rail Freight is known to submit bids on only 25% of the projects it considers, what decision should Transrail make? (5 points) d. Given the information in (c), what is EVPI? (5 points)
#2) An office complex is to be renovated. Before the job can be completed, various tradespeople and skilled workers must install their materials. The table for this problem describes the relationships between the activities that need to be completed. Activity Immediate Predecessors Time (days) A1 - 6 A2 A1 7 A3 A1 3 A4 A1 10 A5 A2 10 A6 A3, A4 4 A7 A4 8 A8 A4 5 A9 A5, A6, A7 7 A10 A8 6 Use excel to answer the following; a) Develop a project network for this problem. b) Determine the EST, EFT, LST, LFT, and slack for each activity. c) What is the critical path and project completion time?
Constraints in project management are some important factors that everyone must work within to achieve the project goals and unfortunately, these are unavoidable. As a Project Manager, being aware of the limitations is essential in directing project path and ultimately reaching success. That is why, by knowing project constraints is such an important task to be performed at the planning stage. There are 6 Project Constraints that we need to know. Explain the following constraints in your own words and make sure to identify 2 applications / connections / linkages of such constraint with your WBS. Write your answer on the space provided below.
What is the minimum cost of crashing the following project that James Walters manages at Athabasca University by 4 days Activity Normal Time (days) Crash Time (days) Normal Cost Crash Cost Immediate Predecessor(s) A 5 4 $800 $1,000 — B 8 6 $200 $600 — C 5 4 $600 $650 — D 7 4 $750 $1,500 A E 6 4 $1,200 $1,650 C A. 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.) Activity Each Activity Should be Reduced BY (days) A 1 B 0 C 1 D 3 E 2 B. The total cost of crashing the project by 4 days is _____ (Enter your response as a whole number.) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You…
6a. Troy and Tristan have decided to open a competitive Cheer and Dance business. Troy’s expertise is in business. He has a degree in Business Administration with a minor in Underwater Basket Weaving. Tristan, on the other hand, has a degree in Sports Management and has been coaching the Tesoro cheerleading team, while his girlfriend, Beatrix, has been coaching the dance team. The problem is that no one has much capital to invest. In fact, both are having a little trouble figuring out how they will be able to get the startup capital for the business. Fortunately, there are no other competitive Cheer and Dance companies in the area. Unfortunately, the potential buildings they have found to lease costs over $7,000 per month and they expect that utilities and water will cost approximately $650 per month. Liability insurance is expensive as well, estimated to be $2,000 per month due to possible injuries. What type of business organization should Troy and Tristan adopt? Why
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4 Outline the relationship between (i) problem tree, objective tree and logical framework matrix, and (ii) logical framework matrix, action plan and costing (cost estimates) in project analysis?
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