Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. your hospital has applied for certification as a l

Your hospital has applied for certification as a level 1 stroke center. It is critical...

80.2K

Verified Solution

Question

Accounting

Your hospital has applied for certification as a level 1 stroke center. It is critical that the following project is completed in 19 weeks, before the next Joint Commission survey. Project activity times are listed in the table below.

Please show all calculations!

A. Draw the network diagram.

B. Identify all project paths. Which path is the critical path?

C. What is the project completion time and total project costs if only normal times are used?

D. Determine the minimum cost-schedule for this project to be completed in 19 weeks.

E. Assume a linear relationship between crash cost and crash time. For example, crash cost per week for activity A can be calculated as: ($900 - $500)/(5-3) = $200.

What is the difference in total project costs between the earliest completion time of the project using normal times and the minimum cost-schedule you found in part d?

Activity

Immediate Predecessors

tn (weeks)

cn

tc (weeks)

cc

A

---

5

$500

3

$900

B

A

6

$200

4

$650

C

A

5

$600

3

$1,200

D

C

3

$800

2

$1,200

E

B, D

7

$1,500

5

$2,500

F

B

5

$200

4

$400

G

E, F

4

$400

3

$750

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students