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    Assignment 9

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    Jackline Khoury
    1. The document presents three project management examples with activities, precedence relations, time estimates, and crashing costs. It asks to identify critical paths, minimum project durations, and costs of shortening project durations through crashing. 2. It asks to analyze a toy company advertising campaign project network with stochastic activity times to determine the probability of completing within a deadline through the critical path and alternative path. Considering both paths is needed to reliably assess meeting the deadline. 3. Project crashing through reducing activity times can shorten project duration but incurs additional costs from increased resources. Analyzing alternative paths is important to reliably estimate meeting deadlines with stochastic activity times.

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    Assignment 9

    Uploaded by

    Jackline Khoury
    8 views3 pages
    1. The document presents three project management examples with activities, precedence relations, time estimates, and crashing costs. It asks to identify critical paths, minimum project durations, and costs of shortening project durations through crashing. 2. It asks to analyze a toy company advertising campaign project network with stochastic activity times to determine the probability of completing within a deadline through the critical path and alternative path. Considering both paths is needed to reliably assess meeting the deadline. 3. Project crashing through reducing activity times can shorten project duration but incurs additional costs from increased resources. Analyzing alternative paths is important to reliably estimate meeting deadlines with stochastic activity times.

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    1. The document presents three project management examples with activities, precedence relations, time estimates, and crashing costs. It asks to identify critical paths, minimum project durations, and costs of shortening project durations through crashing. 2. It asks to analyze a toy company advertising campaign project network with stochastic activity times to determine the probability of completing within a deadline through the critical path and alternative path. Considering both paths is needed to reliably assess meeting the deadline. 3. Project crashing through reducing activity times can shorten project duration but incurs additional costs from increased resources. Analyzing alternative paths is important to reliably estimate meeting deadlines with stochastic activity times.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views3 pages

    Assignment 9

    Uploaded by

    Jackline Khoury
    1. The document presents three project management examples with activities, precedence relations, time estimates, and crashing costs. It asks to identify critical paths, minimum project durations, and costs of shortening project durations through crashing. 2. It asks to analyze a toy company advertising campaign project network with stochastic activity times to determine the probability of completing within a deadline through the critical path and alternative path. Considering both paths is needed to reliably assess meeting the deadline. 3. Project crashing through reducing activity times can shorten project duration but incurs additional costs from increased resources. Analyzing alternative paths is important to reliably estimate meeting deadlines with stochastic activity times.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    55815 Quantitative Models

    Exercise 9

    1. Consider the following project:

    Activity Precedence Standard times Minimum times Cost of reduction


    relations (in weeks) (in weeks) per week in shequels
    A - 4 2 300
    B - 7 5 200
    C - 4 3 700
    D A 4 4 -
    E A,B 3 2 200
    F A,B 4 3 250
    G D,E 4 3 200
    H C 5 3 100
    I H,F 5 2 400

    a) Draw the network diagram and compute ES, LS, EF and LF (you can use a table for
    the computation).
    b) What is the critical path and its length?
    c) If you manage to decrease the project duration to 13 weeks, you will receive a payment
    of 1,000 shequels. Would it be advantageous to shorten the project duration? If so,
    what would be the financial gain from this reduction? Solve using manual crashing
    and then verify the outcomes using a linear programming model and its solution.

    2. Consider the following project:

    Planned Cost of reduction


    Activity predecessor Minimum time
    time by 1 time unit
    A - 12 10 1000
    B - 19 15 800
    C - 14 12 1200
    D C 16 15 900
    E A 23 20 1300
    F B,D 15 10 700
    G B,D 36 32 800
    H C 22 21 300
    I E,F 18 14 1000
    J H 28 25 700

    1
    Lecture 9. Project Management - crashing and stochastic duration

    a) Identify the critical path and the minimum duration required to finish the project
    (prior to any crashing).
    b) Calculate the cost of shortening the project duration to 60.

    3. Consider the following project:

    Immediate Planned Cost of reduction


    Activity Minimum time
    predecessor time by 1 time unit
    A - 4 3 200
    B H 6 5 200
    C D,E,F 5 4 500
    D A 3 3 -
    E A,H 6 6 -
    F A 6 2 450
    G D,E 8 6 400
    H - 8 7 700
    I B 9 7 600

    a) Identify the critical path and the minimum duration required to finish the project
    (prior to any crashing).
    b) Calculate the cost of shortening the project duration by 2.

    4. (**Optional question - You can refer to the lecture notes where I demonstrate how to
    address this question. We will learn it next week) As the vice president of marketing for
    a prominent toy company, you are overseeing a new advertising campaign that needs to be
    completed within 57 days to coincide with the start of the school summer holidays. There
    are six essential activities that have been identified for the project, each with its estimated
    time for completion:

    Activity Precedence Optimistic Most Likely Pessimistic


    Relationship Estimate estimate Estimate
    A - 12 12 12
    B - 15 21 39
    C A 12 15 18
    D B 18 27 36
    E C 12 18 24
    F E 2 5 14

    a) Find the estimate of the mean and variance of the duration of each activity.
    b) Find the mean critical path.
    c) Use the mean critical path to find the probability that the advertising campaign will
    be ready to launch within 57 days.

    Quantitative models 2 Amir Brudner


    Lecture 9. Project Management - crashing and stochastic duration

    d) Now, analyze the alternative path through the project network. Find the probability
    that this path will be completed in 57 days.
    e) Given that the project can be finished only if both paths are completed within 57 days,
    what is the probability of both paths being finished on time? What does this result
    indicate about the reliability of the standard method employed in part c?

    Quantitative models 3 Amir Brudner

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