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Problem 1 Chapter 7: Your hospital has applied for certification as a level 1 stroke center. It...

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Accounting

Problem 1

Chapter 7: Your hospital has applied forcertification as a level 1 stroke center. It is critical that thefollowing project is completed before the next Joint Commissionsurvey in 18 weeks. Project activity times are listed in the tablebelow.

  1. Draw the network diagram and identify the project paths.
  2. What is the project completion time and total project costs ifonly normal times are used?
  3. Determine the minimum cost-schedule for this project.
  4. What is the difference in total project costs between theearliest completion time of the project using normal times and theminimum cost-schedule you derived in part b?

Activity

Immediate Predecessors

Normal Time (NT) (weeks)

Normal Cost (NC) ($)

Crash Time (CT) (weeks)

Crash Cost (CC)

($)

A

---

6

$600

2

$1,400

B

A

7

$200

3

$600

C

---

9

$500

6

$950

D

C

2

$800

1

$1,200

E

D

8

$1,600

5

$2,800

F

B, D

5

$200

4

$400

G

F

4

$400

3

$750

Answer & Explanation Solved by verified expert
3.9 Ratings (727 Votes)
ANSWERALL POSSIBLE PATHSABFG 22CDFG 20CDE 19CRITICAL PATH NETWORK CHAIN WITH THE LONGEST DURATION ABFG 22DURATION OF CRITICAL PATH    See Answer
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