Project Management-Problem Asignment (Resource Allocation)
b) The restaurant is expected to lose $3,500 per week for every week the restaurant is not completed. Given the expediting costs, the manager thinks that it may be worthwhile reducing the duration of the project. By how many weeks should the project completion time be reduced, if the restaurant chain is willing to pay crashing/expediting cost?
c) What is the project duration if all activities are crashed to their minimum?
Problem Asignment (Resource Allocation)
Total points: 20
#1) A restaurant chain is building a new restaurant. The following are the activities that need to be completed to get the restaurant opened. In addition, data related to the activities are provided in the following table.
|
Activity |
Preceding Activities |
Normal Time (wks) |
Crash Time (wks) |
Expediting (Crashing) cost per week ($) |
|
A |
- |
9 |
8 |
3,000 |
|
B |
A |
19 |
15 |
1,800 |
|
C |
A |
15 |
14 |
2,000 |
|
D |
B,C |
5 |
5 |
- |
|
E |
C |
10 |
6 |
4,000 |
|
F |
D,E |
2 |
1 |
1,000 |
a) Determine completion time for the project?
b) The restaurant is expected to lose $3,500 per week for every week the restaurant is not completed. Given the expediting costs, the manager thinks that it may be worthwhile reducing the duration of the project. By how many weeks should the project completion time be reduced, if the restaurant chain is willing to pay crashing/expediting cost?
c) What is the project duration if all activities are crashed to their minimum?
#2) Given the project shown in Figure 5-10 of Chapter 5,assume that that the facility used by activities “c” and “d” is scarce. To which activity would you assign the facility first, given the following priority rules: (10 points)
a. Minimum slack first
b. Most followers (successors)
c. Most critical followers
d. Shortest task duration first
e. As late as possible
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Rating:
/5
Solution: Project Management-Problem Asignment (Resource Allocation)