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QUESTION 2: The Advanced Tech Company has a project to design an integrated information database for a major bank. Data for the project are given in Table Q2 below. Indirect project costs amount to $300 per day. The company will incur a $150 per day penalty for each day the project lasts beyond day 14. (a) What is the shortest time duration and cost for this project? (b) What is the total cost and time of the minimum-cost schedule? Activity Predecessor A B C D EF I Q G H Table Q2: Database Design Project Data Normal Time (days) 6 A, B B C, D E D G 4 3 2 6 2 4 4 Crash Time Normal Cost Crash Cost (days) 5 2 2 1 4 1 4 NI 2 ($) 1,000 800 600 1,500 900 1,300 900 500 ($) 1,200 2,000 900 2,000 1,200 1,400 900 900

QUESTION 2: The Advanced Tech Company has a project to design an integrated information database for a major bank. Data for the project are given in Table Q2 below. Indirect project costs amount to $300 per day. The company will incur a $150 per day penalty for each day the project lasts beyond day 14. (a) What is the shortest time duration and cost for this project? (b) What is the total cost and time of the minimum-cost schedule? Activity Predecessor A B C D EF I Q G H Table Q2: Database Design Project Data Normal Time (days) 6 A, B B C, D E D G 4 3 2 6 2 4 4 Crash Time Normal Cost Crash Cost (days) 5 2 2 1 4 1 4 NI 2 ($) 1,000 800 600 1,500 900 1,300 900 500 ($) 1,200 2,000 900 2,000 1,200 1,400 900 900

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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The Advanced Tech Company has a project to design an integrated information database
for a major bank. Data for the project are given in Table Q2 below. Indirect project costs
amount to $300 per day. The company will incur a $150 per day penalty for each day the
project lasts beyond day 14.
(a)
What is the shortest time duration and cost for this project?

B)What is the total cost and time of the minimum-cost schedule?

QUESTION 2: The Advanced Tech Company has a project to design an integrated information database for a major bank. Data for the project are given in Table Q2 below. Indirect project costs amount to $300 per day. The company will incur a $150 per day penalty for each day the project lasts beyond day 14. (a) What is the shortest time duration and cost for this project? (b) What is the total cost and time of the minimum-cost schedule? Activity Predecessor A B C D E F G H Table Q2: Database Design Project Data Normal Time (days) 6 4 3 2 6 2 4 4 A, B B C, D E D G Crash Time Normal Cost Crash Cost (days) 5 2 2 1 4 1 4 2 ($) 1,000 800 600 1,500 900 1,300 900 500 ($) 1,200 2,000 900 2,000 1,200 1,400 900 900
Transcribed Image Text:QUESTION 2: The Advanced Tech Company has a project to design an integrated information database for a major bank. Data for the project are given in Table Q2 below. Indirect project costs amount to $300 per day. The company will incur a $150 per day penalty for each day the project lasts beyond day 14. (a) What is the shortest time duration and cost for this project? (b) What is the total cost and time of the minimum-cost schedule? Activity Predecessor A B C D E F G H Table Q2: Database Design Project Data Normal Time (days) 6 4 3 2 6 2 4 4 A, B B C, D E D G Crash Time Normal Cost Crash Cost (days) 5 2 2 1 4 1 4 2 ($) 1,000 800 600 1,500 900 1,300 900 500 ($) 1,200 2,000 900 2,000 1,200 1,400 900 900
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