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Ripeka, the warehouse manager at Hine would like to update the company’s inventory locator system so that the picking operation can be streamlined. While conceptually simple to do, she knows that there will be several steps to the update process that will have to be carefully managed. She needs to complete upgrade and train her staff in operating the new system before the busy season, which is only 4 months away. She identifies the various activities, expected time duration, predecessors and costs, as shown in the table. Identify the project cost.  Ripeka is interested to complete the project three weeks early before starting the busy season. How much additional cost the project will incur for completing the project three weeks early?

Ripeka, the warehouse manager at Hine would like to update the company’s inventory locator system so that the picking operation can be streamlined. While conceptually simple to do, she knows that there will be several steps to the update process that will have to be carefully managed. She needs to complete upgrade and train her staff in operating the new system before the busy season, which is only 4 months away. She identifies the various activities, expected time duration, predecessors and costs, as shown in the table. Identify the project cost.  Ripeka is interested to complete the project three weeks early before starting the busy season. How much additional cost the project will incur for completing the project three weeks early?

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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Ripeka, the warehouse manager at Hine would like to update the company’s inventory locator system so that the picking operation can be streamlined. While conceptually simple to do, she knows that there will be several steps to the update process that will have to be carefully managed. She needs to complete upgrade and train her staff in operating the new system before the busy season, which is only 4 months away. She identifies the various activities, expected time duration, predecessors and costs, as shown in the table.

  1. Identify the project cost. 

  2. Ripeka is interested to complete the project three weeks early before starting the busy

    season. How much additional cost the project will incur for completing the project three weeks early? 

Activities Immediate Predecessors A B C D E F G H A A B, C B D с E, F, G Normal Time (weeks) 3 2 3 7 2 221 2 Crash Time (weeks) 2 1 2 5 1 1 2 1 Activity Cost ($) 3000 4000 2500 9000 2400 4000 1200 500 Crash Cost ($) 4000 5600 4500 12500 4900 8500 1200 500
Transcribed Image Text:Activities Immediate Predecessors A B C D E F G H A A B, C B D с E, F, G Normal Time (weeks) 3 2 3 7 2 221 2 Crash Time (weeks) 2 1 2 5 1 1 2 1 Activity Cost ($) 3000 4000 2500 9000 2400 4000 1200 500 Crash Cost ($) 4000 5600 4500 12500 4900 8500 1200 500
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