Table J.17 A Company Must Take on Seven New Projects. Each Project

question 26

Multiple Choice

Table J.17
A company must take on seven new projects. Each project has a planning stage and a design stage, and the planning stage must be completed before the design stage can begin. Also, two project teams are available to work on these projects: Team 1 works only on planning stages of projects, and Team 2 works only on design stages of projects. The times to complete the project stage, in days, are shown in the following table.

-Using the information in Table J.17 and Johnson's rule, develop a schedule that minimizes makespan for these seven jobs. Assume that job C could be neatly split into two equal parts, each having half of the processing time on each machine as the full job C. Using your original sequence, but splitting job C, what is the reduction in makespan for the seven jobs?

• A) The schedule with job C split is almost a day longer.
• B) The schedule with job C split is almost 2 days shorter.
• C) The schedule with job C split is almost 2 days longer.
• D) There is no difference between the makespan for the original schedule and that made with job C split into two halves.

---

Definitions:

Long Position

The purchase of a security such as a stock or commodity with the expectation that the asset will increase in value.

Futures Contract

A formal contract for purchasing or selling an item at a pre-set price at a future date.

Maturity

The date on which the principal amount of a financial instrument is scheduled to be repaid.

Daily Settlements

The process by which futures contracts are revalued at the end of each trading day based on the closing market prices to reflect gains and losses.