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 and/or personnel. Conduct a what-if analysis of the optimal solution as the cash limitation varies from $150,000 to $230,000 in increments of $20,000, and the personnel limitation varies from 12 to 16. Summarize the returns for these solutions in the form of a heat map. Identify the solutions that represent the lowest amount of resources required to achieve each distinct return value.
Choose the heat map that correctly summarizes the returns for each solution.
Click here to view heat map b. LOADING...
Click here to view heat map d. LOADING...
Click here to view heat map c. LOADING...
Click here to view heat map a. LOADING...
Part 2
Identify the solutions that represent the lowest amount of resources required to achieve each distinct return value. Complete the table below.
Personnel
Cash Requirement
Lowest Return
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$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 3
Which of the following best describes the best options and trade-offs 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.
 An engineering firm would like to increase its return on five

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