Question: An electronics company is considering which research and development projects to select. The following are the resource requirements and the estimated profit for each project:
An electronics company is considering which research and development projects to select. The following are the resource requirements and the estimated profit for each project:
Project Expense $ Scientists Required Estimated Profit $
The number of available scientists is and the budget available for these research and development projects is $
Furthermore, if project is selected, project must also be selected but not vice versa Projects and are mutually exclusive both cannot be selected
Formulate an integer programming model to determine which projects should be selected to maximize profit.
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