Question: An engineering firm would like to increase its return on five potential new engineering and development projects, as shown in the accompanying project information and
An engineering firm would like to increase its return on five potential new engineering and development projects, as shown in the accompanying project information and model, but the project manager knows that this will require more cash andor personnel. Conduct a whatif analysis of the optimal solution as the cash limitation varies from $ to $ in increments of $ and the personnel limitation varies from to Summarize the returns for these solutions in the form of a heat map. Identify the solutions that represent the lowest amount of resources required to achieve each distinct return value.
Choose the heat map that correctly summarizes the returns for each solution.
Click here to view heat map b LOADING...
Click here to view heat map d LOADING...
Click here to view heat map c LOADING...
Click here to view heat map a LOADING...
Part
Identify the solutions that represent the lowest amount of resources required to achieve each distinct return value. Complete the table below.
Personnel
Cash Requirement
Lowest Return
enter your response here
$enter your response here
Second Lowest Return
enter your response here
$enter your response here
Third Highest Return
enter your response here
$enter your response here
Second Highest Return
enter your response here
$enter your response here
Highest Return
enter your response here
$enter your response here
Part
Which of the following best describes the best options and tradeoffs that must be made to increase the returns?
A
In order to achieve a greater return, it is sometimes necessary to increase the cash requirement. However, to achieve the greatest return, only the personnel requirement needs to be increased.
B
In order to achieve a greater return, it is sometimes necessary to increase the cash requirement. However, to achieve the greatest return commareturn, it is also necessary to increase the personnel requirement.
C
In order to achieve a greater return, it is always necessary to increase the personnel requirement. However, to achieve the greatest return commareturn, it is also necessary to increase the cash requirement.
D
In order to achieve a greater return, it is sometimes necessary to increase the personnel requirement. However, to achieve the greatest return, only the cash requirement needs to be increased.
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