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What Is the Minimum Completion Cost of This Project If

question 14

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What is the minimum completion cost of this project if there is a penalty of $1,000 for each day the project lasts longer than 27 days? Activity durations in days and crash costs in dollars are given in the table.
$\begin{array}{|l|l|l|l|l|l|l|l|l|l|}\hline&\text { Reg } & \text { Crash }& \text { Reg } &\text { Crash }&&\text { Reg } & \text { Crash }& \text { Reg } &\text { Crash } \\ \text { Activity }&\text {Length }&\text {Length }&\text {Cost }& \text { Cost }&\text { Activity }&\text { Length }&\text { Length }&\text {Cost }&\text {Cost }\\\hline \mathrm{A} & 7 & 6 & 400 & 1,200 & \mathrm{L} & 7 & 5 & 800 & 1,500 \\\hline \mathrm{C} & 1 & 1 & 450 & 450 & \mathrm{N} & 6 & 5 & 500 & 1,250 \\\hline \mathrm{D} & 9 & 6 & 550 & 2,350 &\mathrm{R} & 4 & 4 & 600 & 600 \\\hline \mathrm{E} & 9 & 7 & 500 & 1,650 & \mathrm{S} & 10 & 8 & 450 & 1,350 \\\hline \mathrm{J} & 2 & 1 & 600 & 1,800 & \mathrm{Y} & 8 & 6 & 675 & 1,750\\\hline \end{array}$
$What is the minimum completion cost of this project if there is a penalty of $1,000 for each day the project lasts longer than 27 days? Activity durations in days and crash costs in dollars are given in the table. \begin{array}{|l|l|l|l|l|l|l|l|l|l|} \hline&\text { Reg } & \text { Crash }& \text { Reg } &\text { Crash }&&\text { Reg } & \text { Crash }& \text { Reg } &\text { Crash } \\ \text { Activity }&\text {Length }&\text {Length }&\text {Cost }& \text { Cost }&\text { Activity }&\text { Length }&\text { Length }&\text {Cost }&\text {Cost }\\ \hline \mathrm{A} & 7 & 6 & 400 & 1,200 & \mathrm{L} & 7 & 5 & 800 & 1,500 \\ \hline \mathrm{C} & 1 & 1 & 450 & 450 & \mathrm{N} & 6 & 5 & 500 & 1,250 \\ \hline \mathrm{D} & 9 & 6 & 550 & 2,350 &\mathrm{R} & 4 & 4 & 600 & 600 \\ \hline \mathrm{E} & 9 & 7 & 500 & 1,650 & \mathrm{S} & 10 & 8 & 450 & 1,350 \\ \hline \mathrm{J} & 2 & 1 & 600 & 1,800 & \mathrm{Y} & 8 & 6 & 675 & 1,750\\ \hline \end{array}$

Identify strategies for promoting inclusion and maximizing the potential of all organizational members.

Analyze the impact of gender and cultural diversity on organizational performance.

Comprehend the process and significance of adopting characteristics of majority cultures for success by minority members.

Understand the concepts related to change leadership and its role in organizational development.

Definitions:

Payoff Matrix

A table that represents the potential outcomes of different decisions in a strategic situation, showing the payoffs for each participant.

Simultaneous Game

A strategic situation where all players make their decisions or choose their actions at the same time.

Pricing Games

Strategic maneuvers or tactics used by companies to set prices in a way that maximizes profit or market share, often considering the actions of competitors.

Allocatively Inefficient

A situation where resources are not allocated in a way that maximizes the total benefits to society, often leading to overproduction or underproduction of certain goods.