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The normal and crash times and direct costs for the activities of a project are shown below:
Q5. The normal and crash times and direct costs for the activities of a project are shown below:
Activities Time Cost
6.1 Define the terms direct cost, indirect cost, total cOst, normal cost, optimu
cost, crash cost, cost slope, normal duration, crash duration and optimun
duration.
6.2 Differentiate between variation of direct and indirect cost.
6.3 Explain the procedure for determining optimum cost and optimum
completion time for a project using CPM.
6.4 Calculate the optimum cost and optimum time for the job shown in the
network Fig. Q. 6.4. Data conceming normal durations and costs and crash
durations and costs of various activities is given in Table Q. 6.4.
Fig. Q. 6.44
Table Q.6.4
Activity Normal Crash Cost slope
Cost (Rs) Time Rs./day
Time (days) (days) Cost(Rs.)
1-2 5 4000 4 5000 1000
1-3 7 8000 3 10000 500
2-3 6 6000 2 8400 600
6.5 Determine the optimum time duration and optimum cost for a project
represented by the network shown in Fig. Q. 6.5. Relevant data is given in
Table Q. 6.5.
4
A F
10
B
15
Fig. Q. 6.5