Question: 2. A computer system consulting company is under contract to carry out seven projects, all with deadlines, measured in days from now. The consultants are

2. A computer system consulting company is under contract to carry out seven projects, all with deadlines, measured in days from now. The consultants are a small group and must work together on each project, so that the projects will be started and completed sequentially. Under the terms of the contract, the consultants will receive $800 in revenue for each project completed on time, but they will incur $400 in penalties for each project completed late. Each project has an associated duration, which is the anticipated number of days required to carry the project out, as show in below: Project ID Duration Deadline 1 2 6 2 4 12 3 6 30 4 8 19 5 10 12 6 12 18 7 14 24 (a) How should the projects be sequenced in order to maximize the net profit (revenue- penalty)? (b) What is the maximized profit (revenue-penalty)

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