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Operations And Supply Chain Management
Found in: Page 100
Operations And Supply Chain Management

Operations And Supply Chain Management

Book edition 14th
Author(s) F. Robert Jacobs
Pages 800 pages
ISBN 9780078024023

Short Answer

What are the underlying assumptions of minimum-cost scheduling? Are they equally realistic?

The approach of expenditure, as well as timetable estimation, helps in determining the number of resources required to complete entire project activities. It often comprises estimation and the development of cost alternatives in terms of preparation, implementation as well as operation, delivery, or distribution of a work.

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Step by Step Solution

Underlying assumptions of minimum-cost scheduling

The essential assumptions of a minimal cost schedule are that it costs lots of revenue to enhance a task or activity as well as to maintain and extend the project’s finishing duration.

They are equally realistic

While all assumptions are usually realistic, it is not unusual for there to be few as well as no out-of-pocket expenditures connected with project maintenance. Personnel are frequently changed among tasks; therefore there may be minimal motivation to finish the work in "regular time" shortly.

When selecting to choose whether or not to utilize minimum-cost timing, leaders should consider the schedule as well as the cost trade-off. The scheduling problem is also crucial since project speed, as well as extension, include time considerations.

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