Question: need help setting up the problem with POM Qm. ive already solved it with excel solver The Texas Consolidated Electronics Company is contemplating a research
need help setting up the problem with POM Qm. ive already solved it with excel solver
The Texas Consolidated Electronics Company is contemplating a research and development program encompassing eight research projects. The company is constrained from embarking on all projects by the number of available management scientists (40) and the budget available for R&D projects ($300,000). Further, if project 2 is selected, project 5 must also be selected (but not vice versa). Table below lists the resource requirements and the estimated profit for each project. The company wants to decide which of those projects need to be taken on to maximize the total profit for the company. Formulate an integer programming model for this problem. Define x, where i=1, 2, 3.... 8 such that if x-1. project i would be taken on; and if x=0, project i would not. Define Z as the total profit ($1,000,000). Which of the following objective function is correct? Management Scientists Required Project 1 2 Expense ($1,000s) 5.60 110 53 47 92 85 73 65 7 9 8 4 7 N 5 Estimated Profit ($1,000,000s) 50.36 0.82 0.29 0.16 0.36 0.61 0.48 0.41 Maximize Z-.36x1+.82x2+29x3+.16x4+.56x5+.61x6+48x7+41x8 O Maximize Z-x1+x2+x3+x4+x5+x6+x7+x8 O Maximize Z-60x1+110x2+53x3+47x4+92x5+85x6+73x7+65x8 O Maximize Z-1.36+.82+.29+.16+.56+.61+.48+41)x1+x2+x3+x4+x5+x6+x7+x8) Upload your completed POM-QM file for the Texas Consolidated Electronics Company problem. Upload Choose a File Upload your completed POM-QM file for the Texas Consolidated Electronics Company problem. Upload Choose a File


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