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What is the Theory of Constraints? Describe critical chain scheduling as an application of the Theory of Constraints.

What is the Theory of Constraints? Describe critical chain scheduling as an application of the Theory of Constraints.

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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  1. What is the Theory of Constraints? Describe critical chain scheduling as an application of the Theory of Constraints. Show by drawing diagram (as in figure 6-11) for the project in the question above as an example of critical chain scheduling. Make appropriate assumptions including assumptions about resources.
Activity Predecessor Crash Normal Crash Crash?Ye $/No Normal time required in weeks time in cost cost weeks А None 4 2 10,000 30,000 8,000 12,000 40,000 13,000 40,500 N B None 4 Y C A 2 1 9,000 18,000 50,000 D A 4 2 N E В.С D, E 6 3 Y F 8 4 20,000 30,000 Y
Transcribed Image Text:Activity Predecessor Crash Normal Crash Crash?Ye $/No Normal time required in weeks time in cost cost weeks А None 4 2 10,000 30,000 8,000 12,000 40,000 13,000 40,500 N B None 4 Y C A 2 1 9,000 18,000 50,000 D A 4 2 N E В.С D, E 6 3 Y F 8 4 20,000 30,000 Y
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