Use the table below to answer the following question(s) by invoking the binary constraints on the variables using the standard Solver. Below is the spreadsheet for a project selection model: С 2 3 14 5 A Project Selection Model Data Expected Return (NPV) Cash requirements Personnel requirements 8 9 Model 10 11 12 Cash Used 13 Personnel Used 14 Return Project selection decisions B 23 4 17 Project 1 Project 2 Project 3 Project 4 $160,000 $200,000 $125,000 $150,000 $45,000 $70,000 $28,000 $52,000 7 4 2 6 What is the total amount of personnel used for all five projects? 10 Project 5 $225,000 $65,000 4 Available Resources $175,000 10
Use the table below to answer the following question(s) by invoking the binary constraints on the variables using the standard Solver. Below is the spreadsheet for a project selection model: С 2 3 14 5 A Project Selection Model Data Expected Return (NPV) Cash requirements Personnel requirements 8 9 Model 10 11 12 Cash Used 13 Personnel Used 14 Return Project selection decisions B 23 4 17 Project 1 Project 2 Project 3 Project 4 $160,000 $200,000 $125,000 $150,000 $45,000 $70,000 $28,000 $52,000 7 4 2 6 What is the total amount of personnel used for all five projects? 10 Project 5 $225,000 $65,000 4 Available Resources $175,000 10
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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