Table 11-9
A mad scientist has identified the twelve steps required to complete his "take over the world" rehabilitation.The estimated time in weeks and cost in US dollars appear in the table along with the shortest possible duration for each activity and cost of those expedited activities.
-Consider the project summarized in Table 11-9.What is the duration of the normal completion time and project cost at that time? What activities should be crashed to reduce completion time by ten weeks as inexpensively as possible? What is the new project duration and cost?
Definitions:
Purchase Orders
Official documents issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
Gross Requirement
The total quantity of a material or part needed to fulfill production, before considering any inventory on hand or scheduled receipts.
Net Requirement
The total amount of a material or resource needed, after accounting for inventory on hand and any scheduled receipts.
Aggregate Planning
A marketing activity that aims to balance supply and demand by determining the most efficient level of production over a given time frame.
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