You are going to decide about the contingency, amount for four projects; Project-1, Project-2, Project-3, and Project-4. Project-1 is contracted on unit price basis, Project-2 on cost-plus-fee basis, and Project-3 and Project-4 on lump sum basis. Project-1, Project-2, Project-4 are all in Turkey, and Project-3 is in Syria. Write down (rank) the contingency amounts of projects (C1, C2, C3, C4) from lowest to highest.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section2.7: Decisions Involving The Time Value Of Money
Problem 16P
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You are going to decide about the contingency, amount for four projects; Project-1, Project-2, Project-3, and Project-4. Project-1 is contracted on unit price basis, Project-2 on cost-plus-fee basis, and Project-3 and Project-4 on lump sum basis. Project-1, Project-2, Project-4 are all in Turkey, and Project-3 is in Syria. Write down (rank) the contingency amounts of projects (C1, C2, C3, C4) from lowest to highest.

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ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,