The table below contains data for the installation of new equipment in a manufacturing process at Excello Corporation. Your company is responsible for the installation project. Indirect costs are $12,000 perweek, and a penalty cost of $6,000 per week will be incurred by your company for every week the project is delayed beyond week 12.ActivityABсDEFGImmediatePredecessor(s)ABActivityABсDACD, EENormal Time Crash Time(weeks) (weeks)3122134163Time according toschedule (weeks)1a. What is the shortest time duration for this project regardless of cost?The shortest project duration regardless of cost is 9 weeks. (Enter your response as a whole number.)b. What is the minimum total cost associated with completing the project in 12 weeks?The minimum total cost to complete the project in 12 weeks is $ 203500. (Enter your response as a whole number.)c. What is the total time of the minimum-cost schedule? (Enter your responses as whole numbers.)The total project's duration according to the minimum-cost schedule is 10 week(s). The minimum-cost schedule is as follows:Time according toschedule (weeks)3142ActivityEFGNormal Cost($)7,0003,00012,00012,0008,0005,0009,0001Crash Cost($)14,0003,00040,00022,0008,000313,00016,000

Indirect costs (per week) $12,000 Penalty cost (per week) beyond week 12 $6,000

Answered: The table below contains data for the…

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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