homework solutions – chapter 3bt71/mgt3501/hw_3_sol.pdf · homework solutions – chapter 3 1....

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Homework Solutions – Chapter 3 1. The following activities are part of a project to be scheduled using CPM: Activity Immediate Predecessor Time (wks) A - 6 B A 3 C A 7 D C 2 E B,D 4 F D 3 G E,F 7 a. Draw the network b. What is the critical path? c. How many weeks will it take to complete the project? d. How much slack does activity B have? Solution a. b. A-C-D-E-G, also shown in the network above as the bold path. c. 26 weeks, 6+7+2+4+7. d. 6 weeks, 15-9.

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Page 1: Homework Solutions – Chapter 3bt71/mgt3501/HW_3_sol.pdf · Homework Solutions – Chapter 3 1. ... Activity Immediate Predecessor Time (wks) A - 6 B A 3 ... For the project with

Homework Solutions – Chapter 3

1. The following activities are part of a project to be scheduled using CPM:

Activity Immediate Predecessor Time (wks)A - 6B A 3C A 7D C 2E B,D 4F D 3G E,F 7

a. Draw the networkb. What is the critical path?c. How many weeks will it take to complete the project?d. How much slack does activity B have?

Solution

a.

b. A-C-D-E-G, also shown in the network above as the bold path.c. 26 weeks, 6+7+2+4+7.d. 6 weeks, 15-9.

Page 2: Homework Solutions – Chapter 3bt71/mgt3501/HW_3_sol.pdf · Homework Solutions – Chapter 3 1. ... Activity Immediate Predecessor Time (wks) A - 6 B A 3 ... For the project with

2. For the project with the following information,a. Determine the critical path and the early completion time in weeks.b. Reduce the project completion time by three weeks. Assume a linear cost per

week shortened, and show, step by step, how you arrived at your schedule.

Activity Imm. Pred. Normal time Normal cost Crash time Crash costA -- 5 7000 3 13000B A 10 12000 7 18000C A 8 5000 7 7000D B 6 4000 5 5000E C 7 3000 6 6000F C 4 6000 3 7000G D,E,F 4 7000 3 9000

Solution

a. A-B-D-G, 25 weeks, 5+10+6+4.

Page 3: Homework Solutions – Chapter 3bt71/mgt3501/HW_3_sol.pdf · Homework Solutions – Chapter 3 1. ... Activity Immediate Predecessor Time (wks) A - 6 B A 3 ... For the project with

b.

Activity NormalTime (NT)

Normal Cost(NC)

Crash Time(CT)

Crash Cost(CC)

NT-CT Cost/weekto expedite

A 5 $7,000 3 $13,000 2 $3,000

B 10 12,000 7 18,000 3 2,000

C 8 5,000 7 7,000 1 2,000

D 6 4,000 5 5,000 1 1,000

E 7 3,000 6 6,000 1 3,000

F 4 6,000 3 7,000 1 1,000

G 4 7,000 3 9,000 1 2,000

First, reduce D (lowest cost activity on the critical path) by one week. This adds an additionalcritical path with activities C and E in it. Second, crash activity G by one week. Critical pathsremain the same. Third, crash activity A by one week at a cost of $3,000, which is the leastexpensive.

Summary of activities crashed:

Step Activity Cost to crash Weeks reduced

1 D $1,000 1

2 G 2,000 1

3 A 3,000 1

Total cost $6,000