Assignment2_Solution - Production and Operations Management...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Professor Soo-Haeng Cho Assignment 2 Project Management & Inventory Management DUE: April 6, 2009 (Monday), 12:30pm; hard-copy ONLY. NOTE: The due date is different from that in syllabus. To receive partial/full credit all calculations must be explained and shown. QUESTION 1 (10 POINTS) Here is a network with the activity times shown in days: a. [5 Points] Find the critical path(s) ACDFG b. [5 Points] The following table shows the durations and costs of activities. If the project is to be shortened by four days, show which activities, in order of reduction, would be shortened and the resulting cost. Activity Normal Time Crash Time Normal Cost ($) Crash Cost ($) Crash cost per day ($) A 7 6 7000 8000 1000 B 3 2 5000 7000 2000 C 4 3 9000 10200 1200 D 5 4 3000 4500 1500 E 2 1 2000 3000 1000 F 4 2 4000 7000 1500 G 5 4 5000 8000 3000 Step 1: Crash A by 1 day at a cost of $1,000. Step 2: CP is still ACDFG, Crash C by 1 day at a cost of $1,200. Step 3: Now we have two CPs: ACDFG and ABDFG. Since A & C have already been crashed down to the minimum, now we can crash D, F, or G. D & F both cost $1,500 to crash, so choose either one. E.g. crash D by 1 day at a cost of $1,500. Step 4: We still have two CPs: ACDFG and ABDFG. Now we crash F by 1 day at a cost of $1,500. Now, the project completion time is 21 days at a cost of $5,200.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/20/2012 for the course ACCOUNTING 101 taught by Professor Unknown during the Spring '08 term at Carnegie Mellon.

Page1 / 3

Assignment2_Solution - Production and Operations Management...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online