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Company XYZ is contemplating a product development program encompassing 6 major projects. The company is constrained from embarking on all of the projects at once by the number of available (budgeted) developers (60) and the budget allocated for project expenses (£200,000). The following table shows the resource requirements and the estimated profit for each project. Use EXCEL’s Solver to answer questions (1), (2) and (3) in the EXCEL spreadsheets. 1. suppose that project 4 and project 5 are “must-take” projects. What is the revised project portfolio and the revised maximum profit?

Company XYZ is contemplating a product development program encompassing 6 major projects. The company is constrained from embarking on all of the projects at once by the number of available (budgeted) developers (60) and the budget allocated for project expenses (£200,000). The following table shows the resource requirements and the estimated profit for each project. Use EXCEL’s Solver to answer questions (1), (2) and (3) in the EXCEL spreadsheets. 1. suppose that project 4 and project 5 are “must-take” projects. What is the revised project portfolio and the revised maximum profit?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Company XYZ is contemplating a product development program encompassing 6 major projects. The company is constrained from embarking on all of the projects at once by the number of available (budgeted) developers (60) and the budget allocated for project expenses (£200,000). The following table shows the resource requirements and the estimated profit for each project. Use EXCEL’s Solver to answer questions (1), (2) and (3) in the EXCEL spreadsheets. 1. suppose that project 4 and project 5 are “must-take” projects. What is the revised project portfolio and the revised maximum profit?
Project (£000) 1 60 100 55 50 100 85 455 WNH 2 3 Expense Developers Profit required (2000) 35 80 30 20 70 55 6 586565
Transcribed Image Text:Project (£000) 1 60 100 55 50 100 85 455 WNH 2 3 Expense Developers Profit required (2000) 35 80 30 20 70 55 6 586565
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