A Project Has the Activity Duration and Cost Information Indicated

question 85

Multiple Choice

A project has the activity duration and cost information indicated in the table where all times are in weeks.There is a penalty of $4,000 per week for every week the project exceeds 37 weeks.What is the lowest total cost for completing this project? $\begin{array}{|l|l|l|l|l|l|}\hline \text { Activity } & \text { Predecessor } & \begin{array}{l}\text { Normal } \\\text { Time }\end{array} & \begin{array}{l}\text { Normal } \\\text { Cost }\end{array} & \text { Crash Time } & \text { Crash Cost } \\\hline \text { A } & -- & 8 & \$ 12,000 & 5 & \$ 22,000 \\\hline \mathrm{B} & \text { A } & 12 & \$ 18,000 & 9 & \$ 32,000 \\\hline \text { C } & \text { A } & 15 & \$ 22,000 & 9 & \$ 62,000 \\\hline \mathrm{D} & \mathrm{B} & 3 & \$ 9,000 & 2& \$ 18,000 \\\hline \mathbf{E} & \text { C } & 9 & \$ 15,000 & 5 & \$ 35,000 \\\hline \mathrm{F} & \mathrm{E} & 7 & \$ 5,000 & 5 & \$ 8,000 \\\hline \mathrm{G} & \mathrm{D} & 8 & \$ 13,000 & 6 & \$ 23,000 \\\hline \mathrm{H} & \mathrm{A} & 12 & \$ 20,000 & 8 & \$ 32,000 \\\hline \mathrm{J} & \mathrm{H} & 6 & \$ 45,000 & 4 & \$ 56,000 \\\hline\end{array}$

• A)$172,000
• B)$184,000
• C)$187,000
• D)$192,500

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Definitions:

Social Regulation

Rules and standards imposed by governments to protect public health, safety, and welfare, including environmental and workplace regulations.

Critics

Individuals or groups who express judgments or evaluations, often negative, about various subjects, including art, literature, policies, or societal norms.

Government

An organized group or system responsible for governing a structured community, typically a country.

Efficiency Loss

The decrease in economic efficiency that occurs when a market outcome does not allocate resources in the most economically beneficial way, often due to externalities or market failures.