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 ($) Scientists Required Estimated Profit ($)
170,0007360,000
2110,0009820,000
350,0008290,000
445,0004160,000
590,0007560,000
685,0006610,000
770,0008480,000
865,0005410,000
The number of available scientists is 40 and the budget available for these research and development projects is $300,000.
Furthermore, if project 2 is selected, project 5 must also be selected (but not vice versa). Projects 3 and 4 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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