What are the options

Assignment Help Operation Management
Reference no: EM131002889

The following table has data regarding several activities associated with the implementation of a new delivery process for a new retail chain. The contract with the new retail chain states that starting on the 13th day from now, your firm will experience a penalty of $110 per day until the job is completed. Indirect project costs amount to $227 per day. The data on direct costs and activity precedent relationships are given in the table.

Delivery Process Project Data
 Activity        Normal Time (Days)      Normal Cost Per Day     Crash Time (Days)       Crash Cost Per Day      Immediate Predecessor(s)
 A      4       $1,004          3       $1,232           None
 B      7       $1,411          4       $2,032           None
 C      5       $2,020          4       $2,707           None
 D      6       $1,263          5       $1,472           A
 E      3       $915    2       $1,166           B
 F      11      $2,517          6       $3,757           C
 G      4       $812    3       $1,431           D, E
 H      3       $394    1       $500     F, G

To complete this assignment, answer the following questions. Begin by drawing the project network diagram. A start node and end node are suggested.

    What are the options? What is the cost of each option?
    What are the advantages and disadvantages of each option?
    What completion date would you recommend? Why?
    What is the total cost of your recommendation?

Reference no: EM131002889

Questions Cloud

Contribute the same amount to the plan : You will contribute the same amount to the plan at the end of every year that you work How much do you need to contribute each year to fund your retirement?
Define the random variable : Consider the space of two coin tosses Ω2 = {HH , HT, TH, TT} and let stock prices be given by S0 = 4, S1 (H) = 8, S1(T) = 2, S2(HH) = 16, S2(HT) = S2(TH) = 4, S2(TT) = 1. Define the random variable X = 1 if S2 = 4 otherwise 0
Management and control of business decision making : Topic: Management and Control of Business Decision Making, Does the GML board conform to those recommendations?
Determine pension expense for 2011 : Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2011.
What are the options : What are the options? What is the cost of each option?  What are the advantages and disadvantages of each option?  What completion date would you recommend? Why?     What is the total cost of your recommendation?
Prepared to operate as an entrepreneur : Prepared to operate as an entrepreneur.  Yes, I am and my field of interest is becoming a restaurant/catering owner.  I currently own a small home-based catering business.  I’m energetic, organized and thorough.
Amount of net accounts receivable : What is the amount of net accounts receivable before and after the write-off?
Explaining the risks with differing positions : It is expected that all members of the team deliberate on the issue. If there are differing opinions, factor this into your reply to your client by explaining the risks with differing positions.
Pick one of the two subculture articles : 1-Pick one of the two subculture articles (tango or steampunk). And answer: What makes tango or steampunk part of a subculture? Why does it not qualify as a counterculture? Give an example of what would qualify as a counterculture and explain your an..

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd