1) Assume that you are a manager of a large company and the company has a...

  

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1) Assume that you are a manager of a large company and the company has a list of projects that you would like to initiate. Each project has an expected return expressed (in thousands of Turkish Liras) as the net present value. Despite each of the projects would be beneficial, there are not enough resources (in person days) available this month to do all of them. The estimates of resources and return are listed in the following table: Projects 1 2 3 4 5 6 7 8 Estimated values 15 20 5 25 22 17 30 4 62 63 50 70 10 Number of days 51 60 40 Assume that only 250 person-days are available this month. Which projects should be selected? 1) Assume that you are a manager of a large company and the company has a list of projects that you would like to initiate. Each project has an expected return expressed (in thousands of Turkish Liras) as the net present value. Despite each of the projects would be beneficial, there are not enough resources (in person days) available this month to do all of them. The estimates of resources and return are listed in the following table: Projects 1 2 3 4 5 6 7 8 Estimated values 15 20 5 25 22 17 30 4 62 63 50 70 10 Number of days 51 60 40 Assume that only 250 person-days are available this month. Which projects should be selected?