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Joseph King has ambitions to be mayor of Williston, North Dakota. Joe has determined the breakdown of the steps to the nomination and has estimated normal and crash costs and times for the campaign as follows (times are in weeks).
Normal
Crash
Immediate
Activity
Time
Cost
Predecessors
A.
Solicit Volunteers
6
$5,000
4
$ 9,000
---
B.
Initial "Free" Exposure
3
$4,000
$ 4,000
C.
Raise Money
9
$10,000
A
D.
Organize Schedule
$1,000
2
$ 2,000
E.
Hire Advertising Firm
$1,500
1
B
F.
Arrange TV Interview
$ 8,000
G.
Advertising Campaign
5
$7,000
$12,000
C,E
H.
Personal Campaigning
7
$8,000
$20,000
D,F
Joe King is not a wealthy man and would like to organize a 16-week campaign at minimum cost.
Suppose you are considering to buy a building for $40,000, and you have $10,000 to apply as a down payment. You may borrow the remainder under the following terms:
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