What Is the Minimum Cost Completion Time for This Project

question 54

Essay

What is the minimum cost completion time for this project if the activities have normal and crash costs as indicated and there is a $1,000 fixed cost for each day on site plus a $500 penalty for each activity that is crashed? The crash costs represent the cost of a fully expedited activity. For example, reducing activity Y from 13 days to 12 days costs an extra $100 on top of the $500 expediting cost for a total cost of $2,600. Reducing Y from 13 days to 10 days costs an extra $300 on top of the $500 expediting cost, for a total activity cost of $2,800.

---

Definitions:

Increase Width

To make an object or element broader or wider in size.

DAVERAGE Function

A formula in spreadsheet software that calculates the average of selected database entries matching specified conditions.

Delete Table Rows

The action of removing one or more rows from a table in a database or spreadsheet, effectively eliminating all data contained within those rows.

Design Tab

A feature in software applications, such as Microsoft Office, providing access to tools for formatting, layout, and design adjustments.