Answered
Given the critical path below, calculate the following
a. The crash cost per unit time savings for each activity.
b. The maximum total crash time savings and cost.
c. The maximum total time-savings with a $7000 budget.
Activity Normal Time Normal Cost Crash Duration Crash Cost A 8 days $8,0006 days $12,000 B 5 days $2,0002 days $9,500 C 10 days $9,0008 days $12,000\begin{array} { | c | c | c | c | c | } \hline \text { Activity } & \text { Normal Time } & \text { Normal Cost } & \begin{array} { c } \text { Crash } \\\text { Duration }\end{array} & \text { Crash Cost } \\\hline \text { A } & 8 \text { days } & \$ 8,000 & 6 \text { days } & \$ 12,000 \\\hline \text { B } & 5 \text { days } & \$ 2,000 & 2 \text { days } & \$ 9,500 \\\hline \text { C } & 10 \text { days } & \$ 9,000 & 8 \text { days } & \$ 12,000 \\\hline\end{array} Activity A B C Normal Time 8 days 5 days 10 days Normal Cost $8,000$2,000$9,000 Crash Duration 6 days 2 days 8 days Crash Cost $12,000$9,500$12,000
On Jul 01, 2024