Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
12th Edition
ISBN: 9780134741062
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 7, Problem 15P
Table 7.8 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 $15,000 per week, and a penalty cost of $9,000 per week will be incurred by your company for every week the project is delayed beyond week 9.
- What is the shortest time duration for this project regardless of cost?
- What is the minimum total cost associated with completing the project in 9 weeks?
- What is the total time of the minimum-cost
schedule ?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Table 7.8 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 $15,000 per week, and a penalty cost of $9,000 per week will be incurred by your company for every week the project is delayed beyond week 9.a. What is the shortest time duration for this project regardless of cost?b. What is the minimum total cost associated with completing the project in 9 weeks?c. What is the total time of the minimum-cost schedule?
Problem 2: Chicago Project
You are asked to manage an upcoming project for a client based in Chicago. Your supervisor, Susan, asked you to determine if the project will be completed in 2 months (60 days). Susan sent you the estimated time durations (in days) for the project. The information is given below:
4. Your supervisor was told that the client would like to complete the project in 56 days. Which path in the project network has the greatest risk of running over this new deadline of 56 days?
5. Prepare a report for Susan regarding your findings. Include your recommended strategy to finish the project in the least possible time.
You are the project manager of the software installation project in Table 7.12. You would like to find the minimum-cost schedule for your project. There is a $1,000-per-week penalty for each week the project is delayed beyond week 25. In addition, your project team determined that indirect project costs are $2,500 per week.a. What would be your target completion week?b. How much would you save in total project costs with your schedule?
Chapter 7 Solutions
Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
Ch. 7 - One of your colleagues comments that software is...Ch. 7 - Explain how to determine the slack for each...Ch. 7 - Define risk as it applies to projects. What are...Ch. 7 - Consider the following data for a project to...Ch. 7 - The following information is known about a project...Ch. 7 - A project for improving a billing process has the...Ch. 7 - Prob. 4PCh. 7 - Prob. 5PCh. 7 - Consider the following information for a project...Ch. 7 - Consider the following data for a project to...
Ch. 7 - Paul Silver, owner of Sculptures International,...Ch. 7 - Prob. 9PCh. 7 - The following information concerns a project to...Ch. 7 - Consider a project to produce custom door moldings...Ch. 7 - Table 7.5 contains information about au...Ch. 7 - The Advanced Tech Company has a project to design...Ch. 7 - Prob. 14PCh. 7 - Table 7.8 contains data for the installation of...Ch. 7 - The diagram in Figure 7.12 was developed for the...Ch. 7 - Prob. 17PCh. 7 - Prob. 18PCh. 7 - You are the project manager of the software...Ch. 7 - Jordanne King, the project manager for Webjets...Ch. 7 - Recently, you were assigned to manage a project to...Ch. 7 - In Solved Problem 2, estimate the probability that...Ch. 7 - The director of continuing education at Bluebird...Ch. 7 - Gabrielle Kramer, owner of Pet Paradise, is...Ch. 7 - The project manager of Good Public Relations...Ch. 7 - Consider the office renovation project data in...Ch. 7 - Activity B and activity K are critical activities....Ch. 7 - Prob. 2AMECh. 7 - Prob. 3AMECh. 7 - Prob. 4AMECh. 7 - Prob. 5AMECh. 7 - Assess the four categories of a risk-management...Ch. 7 - Prob. 2VCCh. 7 - Assume you are Denise Tower and have...Ch. 7 - Prob. 1CCh. 7 - Prob. 2CCh. 7 - Prob. 3CCh. 7 - Prob. 4C
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Only typed explanation 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 per week, and a penalty cost of $10,000 per week will be incurred by your company for every week the project is delayed beyond week 14. What is the shortest time duration for this project regardless of cost? What is the minimum total cost associated with completing the project in 14 weeks? What is the total time of the minimum-cost schedule?arrow_forwardanswer only question 3 and 4 1) List and explain the phases that mark the life of a project 2) For each project phase identified in 1(a) above, describe at least four (4) project activities/processes performed in the phase. 3) With the use of a diagram, show (illustrate) the typical levels of uncertainty or project risks associated with each phase and throughout a project. 4) With the use of a diagram, show (illustrate) the typical levels of project staffing related to each phase and throughout a project. 5) For each project phase identified in 1(a) above, identify and describe at least one (1) major deliverable (output) of the phase.arrow_forwardPlease, I need help because I have no idea how to do any of these. 11. Building a backyard swimming pool consists of nine major activities. The activities and their immediate predecessors are shown. Develop the project network. For question number 12, you need to refer to question number 11. Also the first picture is for #11 and second picture(image) is for #12 12. Assume that the activity time estimates (in days) for the swimming pool construction project in Problem 11 are as follows: a. What are the critical activities? b. What is the expected time to complete the project? c. Based only on the critical path, what is the estimated probability that the project can be completed in 25 or fewer days?arrow_forward
- Your hospital has applied for certification as a level 1 stroke center. It is critical that the following project is completed in 18 weeks, before the next Joint Commission survey. Project activity times are listed in the table attached as an image. Determine the minimum cost-schedule for this project to be completed in 18 weeks. Assume a linear relationship between crash cost and crash time. For example, crash cost per week for activity A can be calculated as: ($650 - $200)/(4-2) = $225. 2. What is the difference in total project costs between the earliest completion time of the project using normal times and the minimum cost-schedule you found in part 1?arrow_forwardProject lifecycle 1. With the use of a diagram, show (illustrate) the typical levels of project staffingrelated to each phase and throughout a project. 2. For each project phase identified in 1(a) above, identify and describe at least one (1)major deliverable (output) of the phase.arrow_forwardI need a detailed explanation and assistance to solve this problem: A company decides to plan a project, with activities, precedences and random duration statistics given in the following table: Activity Immediate Predecessors Duration Minimum (weeks) Duration Mode (weeks) Duration Maximum (weeks) A none 2 5 9 B A 1 6 8 C A 3 5 12 D B 2 4 12 E B, C 4 6 8 F B 6 7 8 G D, E 1 2 6 H F, G 4 6 16 * What method should be used? Compute the mean and variances for each activity and add them to the table above * Draw the project network and label the arcs with the activity name. * Assuming that the critical path is AàBàP1àEàGàH, compute the probability that this path duration is between 28 weeks and 32 weeks. * Assuming that the critical path is AàBàP1àEàGàH, compute the number of weeks within which the project will be completed with probability 0.95.arrow_forward
- A Company is in the process of preparing a budget for launching a new product. The following table provides the associated activities and their durations. Construct the project network and identify the critical path and its duration. Activity Predecessors Duration(wks) A: forecast sales volume - 10 B: study competitive market - 7 C: design item and facilities A 5 D: prepare production schedule C 3 E: estimate cost of production D 2 F: set sales price B,E 1 G: prepare budget E,F 14 (4) A project consists of the following activities, with the duration, in weeks, of each activity given in brackets. A(6), B(4) and C(7), the first activities of the project, can be executed concurrently. A and B precede D(2). B precedes E(1), F(5) and H(8). F and C precede G(3). E and H precede I(2) and J(4). C, F and J precede K(2). K precedes L(4).D, I, G and L are the terminating activities if the project. Construct the precedence table, and hence draw the network for the project Determine the critical…arrow_forwardDraw a network diagram that represents the following activities of a project: Activity ImmediatePredecessor A - B A C A D C E B F D,E G F H D,E I G,Harrow_forwardThe table below contains data for the installation of new equipment in a manufacturing process for a steel corporation. Your company is responsible for the installation project. Indirect costs are $6,000 per week, and a penalty cost of $10,000 per week will be incurred by your company for every week the project is delayed beyond week 15. Activity Immediate Predecessor(s) Normal Time (weeks) Crash Time (weeks) Normal Cost ($) Crash Cost ($) A None 2 1 7,000 10,000 B None 2 2 3,000 3,000 C A 3 1 12,000 40,000 D B 3 2 12,000 28,000 E C 1 1 8,000 8,000 F D, E 5 3 5,000 15,000 G E 3 2 9,000 18,000 H F, G 8 6 14,000 32,000 Construct a network diagram for the project. What are the project completion time and the total cost under normal conditions? What is the shortest time duration for this project regardless of cost? What is the resulting total cost? What is the…arrow_forward
- 1)List and explain the phases that mark the life of a project. 2) For each project phase identified in 1(a) above, describe at least four (4) project activities/processes performed in the phase. 3) With the use of a diagram, show (illustrate) the typical levels of uncertainty or project risks associated with each phase and throughout a project. 4) With the use of a diagram, show (illustrate) the typical levels of project staffing related to each phase and throughout a project. 5) For each project phase identified in 1(a) above, identify and describe at least one (1) major deliverable (output) of the phase.arrow_forwardThe table below contains scheduling data for a software development project to be undertaken in an IT company. (i) Identify the critical activities and total duration for the project. (ii) Draw a network diagram using the Activity-on-Arrow (AOA) method to depict the flow of the activities showing interdependencies (iii) Using the data provided in the above table, create a float table for the project.arrow_forwardAvondale Industries’ training and development office was asked to develop and implement a training program for its engineers located in its Bengaluru, India site. The program was developed in conjunction with several managers in Bengaluru who needed to improve the flow of their projects, many of which were not delivered on time. The managers felt that project management training would help their engineers develop the skills needed to understand the importance of time management, setting of goals and objectives, and prioritizing their goals to assist in making better use of their time. The training was delivered as requested, but three months later the managers reported they had seen no improvement in meeting project delivery deadlines. Which statement best explains why the training was not effective? Cultural differences were not accounted for when the training and development team organized the training and was thus not effective. The engineers relied too heavily on…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY