ABC as an industry has client X. Fort his particular project, Client X is offering ABC two types of contracts. Contract

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

ABC as an industry has client X. Fort his particular project, Client X is offering ABC two types of contracts. Contract

Post by answerhappygod »

ABC as an industry has client X. Fort his particularproject, Client X is offering ABC two types of contracts. ContractA will require ABC to finish the project in 22 days for totalrevenue worth $920,000, however, every day late of the projectincurs a $15000 fine. Contract B has total revenue worth $905000and requires the project to be finished in 23 days with a $20000penalty for every day late of the project. The associated cost peractivity is shown below along with the precedence diagram of theproject. Determine the contract that ABC will choose and the targetcompletion time of the project that will yield the most significantprofit. Also, draw the final Precedence diagram that the companywill use, label the activities with their corresponding durationand state the critical path. The cost given is in thousands ofdollars.
Abc As An Industry Has Client X Fort His Particular Project Client X Is Offering Abc Two Types Of Contracts Contract 1
Abc As An Industry Has Client X Fort His Particular Project Client X Is Offering Abc Two Types Of Contracts Contract 1 (191.01 KiB) Viewed 12 times
Abc As An Industry Has Client X Fort His Particular Project Client X Is Offering Abc Two Types Of Contracts Contract 2
Abc As An Industry Has Client X Fort His Particular Project Client X Is Offering Abc Two Types Of Contracts Contract 2 (77.6 KiB) Viewed 12 times
Activity 1-2 1-3 2-4 3-4 3-5 3-6 4-7 4-8 5-7 6-7 7-10 8-9 8-10 9-10 Normal Duration 4 3 5 7 3 6 8 4 9 7 57 6 3 Cost 40 55 65 40 60 35 70 50 20 40 35 50 40 20 Crashed Duration Cost 2 80 72 97 70 78 92 90 68 70 120 45 70 75 25 235 2 3 7 3 7 5 4 5 4 2
1 2 3 5 6 8 7 9 10
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply