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National Oil Company (NATOCO)must Plan the Shutdown of Its Houston

question 48

Essay

National Oil Company (NATOCO)must plan the shutdown of its Houston refinery for routine preventive maintenance.Each hour of downtime is lost production time and is very costly,so NATOCO wants the maintenance project completed in 22 hours.The PERT network below shows the precedence relationships of the activities involved in the project.The table gives the activity times and costs under normal operations and maximum crashing.
NATOCO wants to know the minimum cost of completing the maintenance project within the 22-hour period.Formulate and solve a linear program that will yield this information. $National Oil Company (NATOCO)must plan the shutdown of its Houston refinery for routine preventive maintenance.Each hour of downtime is lost production time and is very costly,so NATOCO wants the maintenance project completed in 22 hours.The PERT network below shows the precedence relationships of the activities involved in the project.The table gives the activity times and costs under normal operations and maximum crashing. NATOCO wants to know the minimum cost of completing the maintenance project within the 22-hour period.Formulate and solve a linear program that will yield this information. \begin{array} { c c c c c } \text { Activity } & \begin{array} { c } \text { Normal } \\ \text { Time (hr) } \end{array} & \begin{array} { c } \text { Normal } \\ \text { Cost } \end{array} & \begin{array} { c } \text { Crash } \\ \text { Time (hr) } \end{array} & \begin{array} { c } \text { Crash } \\ \text { Cost } \end{array} \\ \text { A } & 2 & \$ 2,000 & 1.5 & \$ 3,000 \\ \text { B } & 4 & 3,000 & 3 & 3,500 \\ \text { C } & 1 & 1,500 & 1 & 1,500 \\ \text { D } & 4 & 5,300 & 2.5 & 8,000 \\ \text { E } & 6 & 5,400 & 5 & 7,000 \\ \text { F } & 10 & 6,000 & 8 & 9,000 \\ \text { G } & 8 & 4,800 & 5 & 9,900 \\ \text { H } & 2 & 2,800 & 1 & 2,900 \\ \text { I } & 5 & 4,500 & 4 & 5,000 \\ \text { J } & 12 & 6,000 & 6 & 9,600 \\ \text { K } & 7 & 7,000 & 4 & 9,700 \\ \text { L } & 11 & 8,800 & 9 & 9,200 \\ \text { M } & 4 & 1,000 & 1 & 7,000 \end{array}$ $\begin{array} { c c c c c } \text { Activity } & \begin{array} { c } \text { Normal } \\\text { Time (hr) }\end{array} & \begin{array} { c } \text { Normal } \\\text { Cost }\end{array} & \begin{array} { c } \text { Crash } \\\text { Time (hr) }\end{array} & \begin{array} { c } \text { Crash } \\\text { Cost }\end{array} \\\text { A } & 2 & \$ 2,000 & 1.5 & \$ 3,000 \\\text { B } & 4 & 3,000 & 3 & 3,500 \\\text { C } & 1 & 1,500 & 1 & 1,500 \\\text { D } & 4 & 5,300 & 2.5 & 8,000 \\\text { E } & 6 & 5,400 & 5 & 7,000 \\\text { F } & 10 & 6,000 & 8 & 9,000 \\\text { G } & 8 & 4,800 & 5 & 9,900 \\\text { H } & 2 & 2,800 & 1 & 2,900 \\\text { I } & 5 & 4,500 & 4 & 5,000 \\\text { J } & 12 & 6,000 & 6 & 9,600 \\\text { K } & 7 & 7,000 & 4 & 9,700 \\\text { L } & 11 & 8,800 & 9 & 9,200 \\\text { M } & 4 & 1,000 & 1 & 7,000\end{array}$

Understand the concepts and differences between end-result ethics and duty ethics.

Comprehend the impact of misrepresentation tactics (by commission and omission) on negotiations.

Recognize the role and implications of ethical standards in negotiation settings.

Analyze the relationship between ethical reasoning and negotiation tactics.

Definitions:

Centralized Location

A singular, specific location where operations, processes, or functions are concentrated, often to streamline management and coordination.

As-A-Service

A business model where products, software, or services are provided to customers through the internet, typically on a subscription basis.

Cloud Computing

Supplying a variety of services through the Internet, such as data storage, servers, databases, networking, and software.

Privacy Concern

Apprehensions or issues related to the unauthorized use or access to an individual's personal information.