Draw the AOA and AON Networks for the Following Project

question 23

Essay

Draw the AOA and AON networks for the following project and calculate the minimum project duration.
$$\begin{array} { | c | c | c | } \hline \text { Activity } & \begin{array} { c } \text { Duration } \\\text { (days) }\end{array} & \begin{array} { c } \text { Immediate } \\\text { Predecessors }\end{array} \\\hline \text { A } & 10 & - - \\\hline \text { B } & 8 & - - \\\hline \text { C } & 2 & \mathrm {~A} \\\hline \text { D } & 4 & \mathrm {~A} \\\hline \text { E } & 5 & \mathrm {~B} , \mathrm { C } , \mathrm { D } \\\hline\end{array}$$

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Definitions:

Variable Costs

Costs that vary directly with the level of production or volume of output.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the total amount loaned, paid to the lender over a specific period of time.

Capacity Alternatives

Options or strategies an organization can employ to adjust its capacity to meet changing demand.