Project Crashing.docx - Learn Project Crashing The decision...

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Learn: Project Crashing The decision variables in the LP model include the __________ and crash amounts. crash times end times start times duration times It is logical that the crash cost is __________ the standard cost of an activity. less than lower than more than the same as Associated with the standard time is the __________ cost of an activity. expected reduced crash normal Activity Standard Time Crash Time Standard Cost Crash Cost A 3 2 $20,000 $22,000 B 2 1 $14,000 $15,000 C 4 2 $16,000 $20,000 D 3 1 $15,000 $18,000 The crash cost per period for activity A is __________. $20,000 −$2,000 ($20,000 − $22,000) / 3 − 2 $2,000 Crash cost per period = (__________) / (Standard time − Crash time)
Learn: Project Crashing Standard cost Difference in crash cost and standard cost Crash cost Standard cost − Crash cost Crash time is the __________ duration of an activity. shortest longest slowest lengthiest Activity Standard Time Crash Time Standard Cost Crash Cost A 3 2 $20,000 $22,000 B 2 1 $14,000 $15,000 C 4 2 $16,000 $20,000 D 3 1 $15,000 $18,000 If activity D is chosen for crashing, the project could be shortened by __________ week(s). 0

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