Please answer very soon will give rating surely FGв55ID3xA44xEHC455Completion Time: 21Total Cost S 550 Use the information contained below to compress one time unit per move using the least cost method. Reduce the schedule until you reachthe crash point of the network. For each move identify what activity(s) was crashed, the adjusted total cost, and explain your choice if youhave to choose between activities that cost the same.Note: Crash point of the network is the point in which the duration cannot be reduced any further.ActivityCrash CostMaximumID(Slope)Crash TimeNormal Time Normal CostA4S50B$403570C401580D40440E402560F401550G301470H301480I350Total Direct Normal Costs - $550

The least-cost method is used to determine the initial feasible solution choosing from the highest…

Answered: I 3x A 4x

Business

Management

I 3x A 4x

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: You are an advisor of Walton Hi-Tech Industry Limited (WHIL), a conglomerate based in Kaliakair, Ban...

A: IRR or internal rate of return is the annual rate that is expected by the investor in his/her invest...

Q: Al Rawahi Company's budgeted sales and direct materials purchases are as follows: Months Budgeted Sa...

A: AL Rawahi Company's scheduled sales and direct material buying are as follows - Months Budgeted S...

Q: Questions1. Is there anything wrong with how Jake managed the business right from the start?2. Who b...

A: 1. Is there anything wrong with how Jake managed the business right from the start? Answer- Yes, the...

Q: • Explain briefly about the Brand’s USP, Brand Equity & Customer Based Brand Equity.

A: Unique Selling Point The heart of what makes your product or service better than competitors is a un...

Q: Answer the following: Define the following words and give example: Organization- Organization char...

A: Since you have asked multiple questions, we will answer the first question for you. If you want a s...

Q: Why did new technology make it harder to enforcelimitations on bank branching?

A: Bank branching refers to operating storefront physical locations dealing with the same essential ser...

Q: What are the responsibilities of the president of a car rental?

A: The President of a company is the topmost position in the organization structure and therefore presi...

Q: 1. What are the actions or strategies taken to retain international business? 2. Supposed that XYZ c...

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...

Q: The following statements are extracts from the websites of the mining company, BHP Billiton: Commun...

A: So we can say that where legitimacy is a measure of the attitude of society toward a corporation and...

Q: social media network and international student recruitment

A: Social media is often overlooked as a recruitment tool, but when used properly it can be a good supp...

Q: Illustrate different management approaches to poisoning. explain this at your own words

A: Supply management is a process that ensures the proper transfer of goods to customers in an effectiv...

Q: Can you think of practical ways by which giant oil firms, mining and logging companies can conduct t...

A: Unethical exploitation of environment means to unethically practicing a form of exploitation of natu...

Q: As an undergraduate (level) researcher and doing research for the first time, will you prefer Qualit...

A: Research and Development plays an important role in every business. Everything starts with research ...

Q: What unethical marketing practices are taking place in the following 3 images?

A: In figure 3 unethical marketing practices will take place

Q: The following statements about leadership are all true EXCEPT: Select one: O a. The traits or behavi...

A: The correct answer os

Q: A global system (GIS) is capable of supporting global decisions.Describe the environmental factors t...

A: So we can say that where I think perhaps the most important concern for all of us today is protectin...

Q: Human resources management

A: Behind manufacturing of any product, delivery of a product, making calls to customers, designing the...

Q: 2. The company's objects stated that it was to carry on a business as gown makers but the business h...

A: Business law can be defined as the law that only governs the business of any type and also the comme...

Q: The WACC for a firm is 13.00 percent. You know that the firm's cost of debt capital is 10 percent ...

A: Given, WACC = 13% Cost of Debt = 10% Cost of equity = 20% We know that, WACC = Weight of equity ×Cos...

Q: Organizational behaviour is the academic study of how people interact within groups and Rs principie...

A: Organizational behaviour is a study of human behaviour in a work setting that determines its effect ...

Q: The following statements about leadership are all true EXCEPT: Select one : a. The traits or behav...

A: COrrect answer is

Q: General information about OHS for the sector, you will analyze (Occupational accidents, occupational...

A: The Occupational Safety and Health Act of 1970 was passed to promote a safer workplace environment i...

Q: Tesla, Inc., formerly known as Tesla Motors, has produced over 600,000 cars in its lifetime as a com...

A: Tesla has a referral program to urge clients to spread the news about their vehicles. In return, cli...

Q: Write a summary on the key learnings of Organizational Management in a few points.

A: Management Management is the process of Planning, Organizing, Staffing, Directing, and Controlling ...

Q: If you don’t have a diverse group of people on your team, how can youensure that you will have robus...

A: Team: It is a collection of people working together to achieve a common purpose. Every individual em...

Q: Subject: Enterprenuership Need competition analysis & marketing mix of Indeed?

A: Business is an activity of making money or one’s living by producing some products or services or bu...

Q: Course: Quality Engineering What is the importance of ISO 9000? What are the steps involve in for ...

A: Quality management is a process of controlling or managing the quality of the product so as to reduc...

Q: • Write a set of plans which explains 'IKEA'S' Brand Positioning Values, Brand Positioning Statement...

A: it is very important to understand that where it is IKEA is the world-leading design-sell and ready-...

Q: The Platinum Star Hotel in Kingston, NY, is considering doing overbooking in order to deal with the ...

A: Given - Underbooking cost (Cu) = $125 Overbooking cost (Co) = $155 Number of Shows (d) Probabilit...

Q: How do integrated air carriers impact the effectiveness andefficiency of international logistics?

A: The integrated air carrier refers to those entities that are involved in providing end to end logist...

Q: Which power tactic or tactics will be more effective also depends on the unique organizational cultu...

A: The organizational culture can be defined as the way to behave in the organization by the employees ...

Q: Write a formal letter to the librarian of your university informing about the torn books in the libr...

A: To, The Librarian, AKTU University Knowledge Park 3, Greater Noida,(UP) New Delhi Sub: Regarding i...

Q: Why is there the need for good employer/employee relations in an organization? Outline and discuss s...

A: Public Relation Public relations convey corporate messaging to the right people at the right time a...

Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301, 31...

A: From the given data ,Using the chase demand strategy The following is computed:

Q: Course: Quality Engineering Define TQM. What is the importance of “Supplier partnership” and “Perfo...

A: To maintain a dominant position in the market, a company has to provide quality goods or services to...

Q: Busines management question I need to outline the basic assumptions of McGregor’s Theory X and The...

A: Business management can be defined as the managing of the business activities and making coordinatio...

Q: Based on Fiedler’s LPC theory, distinguish between high and low LPC leaders. According to Fiedler,di...

A: Cost is a very important and primary task to evaluate the cost of material provided by the supplier...

Q: A business has significant costs in the development stage of a new product prior to launch as well a...

A: A business has significant costs in the development stage of a new product prior to launch as well a...

Q: The selling price of a certain type of computer is RO 800, and the annual holding cost is 20% of the...

A: Solution- Appropriate economic order quantity [2× demand× order cost÷holding cost ]1/2 Demand = 1...

Q: Income taxes have the effect of Select one : a decreasing the cost of capital for the firm. B. No...

A: The organization tax can be defined as the tax that the organization pays after the selling of the p...

Q: Develop a code of ethics for your business. Tip: Your code of ethics should reflect some of your com...

A: Most employers have an ethics code that their workers must adhere to Employees who follow a code of ...

Q: What is an A/R? What is recorded in this document? is it part of the check-in and check-out process ...

A: Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or us...

Q: Subordinates of transformational leadership have all of the following characteristics EXCEPT: Select...

A: Transformational leadership is described as a style of leadership that motivates, inspire, and encou...

Q: In view of consumer’s heavy emphasis on food, whst strategies can MYMUESLI adopte?

A: Mymuelsi is a food brand known for the food products for breakfast and cereals. The brand is locate...

Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301, 31...

A: In chase production strategy, the companies produce the produces as per the demand of the clients. T...

Q: Usually we distribute questionair or survey to get answers from audiance. But can we use questionair...

A: Data collection targets a set of people to get their opinions, their preferences, choices commonly d...

Q: The problem with most expectations is that they are __________. explicit rewarding ...

A: In general terms, expectation refers to the belief of an individual regarding the occurrence of a fu...

Q: What are the basic functions of the clerk of works and does he have a delegated authority to issue c...

A: A clerk of works is employed by a draftsman or a customer on a building site. The Duties include: li...

Q: The value of a business is determined by a. what a valuation formula determines its worth is ...

A: Business valuation is mainly carried in order to derive the economic value of an entity. In simpler ...

Q: Managers can encourage innovation by .. Select one: O a. All of these. Ob. providing guidance, assis...

A: Team innovation is the foundation of each fruitful organization. It's what separates a business from...

Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

Question

Please answer very soon will give rating surely

F
G
в
5
5
I
D
3x
A
4
4x
E
H
C
4
5
5
Completion Time: 21
Total Cost S 550

Use the information contained below to compress one time unit per move using the least cost method. Reduce the schedule until you reach
the crash point of the network. For each move identify what activity(s) was crashed, the adjusted total cost, and explain your choice if you
have to choose between activities that cost the same.
Note: Crash point of the network is the point in which the duration cannot be reduced any further.
Activity
Crash Cost
Maximum
ID
(Slope)
Crash Time
Normal Time Normal Cost
A
4
S50
B
$40
3
5
70
C
40
1
5
80
D
40
4
40
E
40
2
5
60
F
40
1
5
50
G
30
1
4
70
H
30
1
4
80
I
3
50
Total Direct Normal Costs - $550

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.

Similar questions

I'm unable to answer the following question? What is the total cost of crashing the project from its current duration down to 13 weeks?
Assume the network and data that follow. Compute the total direct cost for each project duration. If the indirect costs for each project duration are $400 (19-time units), $350 (18), $300 (17), and $250 (16), compute the total project cost for each duration. Plot the total direct, indirect, and project costs for each of these durations on a cost-time graph. What is the optimum cost-time schedule for the project? What does this cost?
Which activities are noncritical or can be delayed? (You must also complete the table below) Note: to means optimistic time , tm means most likely time , tp pessimistic time, and te means expected activity time estimate.
I need a detailed explanation and assistance to solve the this problem: A company decides to plan a project, with activities, precedences and deterministic durations given in the following table: Activity i Duration (days) Immediate Predecessors A 32 none B 21 none C 30 none D 45 A E 26 A, B F 28 C G 20 E, F a) What method should be used? Using only one pseudo-activity, draw the project network, with arcs labeled by the activity name and duration. b) Compute and display in a table the earliest and latest starting and finishing times, as well as slack, for each activity, and identify the critical path(s). C) Draw a Gantt chart of the schedule, based on earliest starting times d) Which activities must be completed by day 60 to ensure that the project is not delayed?
Estimating costs for a project depends on various project variables. As a result, project managers follow different approaches. what are the strengths and limitations of top-down estimates when estimating the costs and timeline of the project?
During the execution of your project, you decide that you would like to have charts of your project status - cost and schedule, display certain key project data, and hold your project meetings in a specific conference room. Such a place would be called: A. Armageddon B. War room C. Battlefield D. Ground zero
Discuss the necessity of project scheduling as well as the difficulties it poses. As needed, talk about, describe, and define.
The activities necessary for the completion of a project are listed in the table below (Time in weeks). You are asked to complete the project 1 week ahead of time. You should crash Activity ________. This will incur an additional cost of $_________ .
Assume that the activities in Problem 3.11 have the following costs to shorten: A, $300/week; B, $100/week; C, $200/ week; E, $100/week; and F, $400/week. Assume also that you can crash an activity down to 0 weeks in duration and that every week you can shorten the project is worth $250 to you. What activities would you crash? What is the total crashing cost? Note: The attached photos is the activities in problem 3.11.
I need a detailed explanation and assistance on how to solve this problem: The company decided that the project in the previous problem has to be expedited in order to optimize (minimize) the project cost. Expediting can be used to trade direct cost for indirect cost, since expediting the project reduces the indirect cost of the project by a fixed amount per day, while expediting an activity increases its total direct cost. The Accounting Department found that indirect costs amount to $100 per day, while activity direct costs as well as their normal and expedited times are given in the table below. Activity Normal Time (days) Expedited Time (days) Normal Cost ($) Expedited Cost ($) A 32 26 200 500 B 21 20 300 375 C 30 30 200 200 D 45 40 200 800 E 26 20 700 1,360 F 28 24 1,000 1,160 G 20 18 400 550 From this table you can compute the direct cost incurred by expediting an…
I need a detailed explanation and assistance to solve this problem: A company decides to plan a project, with activities, precedences and random duration statistics given in the following table: Activity Immediate Predecessors Duration Minimum (weeks) Duration Mode (weeks) Duration Maximum (weeks) A none 2 5 9 B A 1 6 8 C A 3 5 12 D B 2 4 12 E B, C 4 6 8 F B 6 7 8 G D, E 1 2 6 H F, G 4 6 16 * What method should be used? Compute the mean and variances for each activity and add them to the table above * Draw the project network and label the arcs with the activity name. * Assuming that the critical path is AàBàP1àEàGàH, compute the probability that this path duration is between 28 weeks and 32 weeks. * Assuming that the critical path is AàBàP1àEàGàH, compute the number of weeks within which the project will be completed with probability 0.95.
In making a forward pass through a network, three activities are immediate predecessors for activity T and one following activity. What is the late start time for activity T? Group of answer choices: - the LS of the following activity plus the activity time of T - the smallest EF for the three activities that are immediate predecessors for activity T - the LF of the following activity minus the activity time of T - the LS of the following activity minus the activity time of T - the largest EF for the three activities that are immediate predecessors for activity T