To rush the product out to meet the competition

Assignment Help Management Theories

Reference no: EM131100750

The Quick Company has learned that a competitor is planning to come out with a new kind of product with a great sales potential. Quick has been working on a similar product that had been scheduled to come to market in 20 months. However, research is nearly complete and Quick's management now wishes to rush the product out to meet the competition. There are four nonoverlapping phases left to be accomplished, including the remaining research that currently is being conducted at a normal pace. However, each phase can instead be conducted at a priority or crash level to expedite completion, and these are the only levels that will be considered for the last three phases. The times required at these levels are given in the following table. (The times in parentheses at the normal level have been ruled out as too long.)

Management has allocated $30 million for these four phases. The cost of each phase at the different levels under consideration is as follows:

Management wishes to determine at which level to conduct each of the four phases to minimize the total time until the product can be marketed subject to the budget restriction of $30 million.

(a) Formulate this problem as a shortest-path problem.

(b) Use the algorithm described in Sec. 9.3 to solve this shortestpath problem.

Reference no: EM131100750

Questions Cloud

Describe the role of technology in the administration : Describe and evaluate common errors made in the administration, scoring, and interpretation of psychological tests - Analyze how these sources of bias can impact the validity of results for an individual.

Define north and south as they pertain to ir : Define "North" and "South" as they pertain to IR. How did colonialism impact farming in general? What are colonialism's legacies in the developing world? What is the difference between colonialism and imperialism?

What is their current yield : Heath Foods' bonds have 7 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 8 percent. They pay interest annually and have a 9 percent coupon rate. What is their current yield?

Ethically appropriate or otherwise : Provide a synopsis of the articles select in 100 or more words and elaborate further to discuss why you believe the stated policy is ethically appropriate or otherwise. Please submit references for each article using the APA guidelines.

To rush the product out to meet the competition : The Quick Company has learned that a competitor is planning to come out with a new kind of product with a great sales potential. Quick has been working on a similar product that had been scheduled to come to market in 20 months.

What issues may managers encounter : Explain the increasing importance of utilizing non-financial measures of performance in managing an organization. What issues may managers encounter when attempting to utilize non-financial measures?

Devise a mission statement for your life : Devise a mission statement for your life, being sure to identify personal attributes you most value and how you plan to exemplify them in your life

What does the behavior of johns coworkers : What does the behavior of John's coworkers toward John suggest about their attributions for his initial manner of dress - Explain why John changed his manner of dress so soon after starting his new job. What processes were likely involved in his dec..

Accept positions of greater responsibility : Talent-management or employee-development programs prepare talented individuals to accept positions of greater responsibility and authority in the organization and aid the retention of individuals who are key to its long-term success.

User Account

All Pages