Question: Question 3 - You are managing two projects simultaneously with the following details: Project A: Requires 1 0 resources for 5 weeks with a revenue

Question 3- You are managing two projects simultaneously with the following details:
Project A: Requires 10 resources for 5 weeks with a revenue of $50,000.
Project B: Requires 8 resources for 4 weeks with a revenue of $40,000.
Resource availability: 12 total resources per week.
Penalty for delay: $1,000 per week per project.
Your goal is to allocate resources dynamically to maximize total revenue while minimizing penalties for delay.
Which combinations of methods best solve this problem?
Options:
A. Develop a linear programming model to allocate resources across projects while minimizing penalties.
B. Use a dynamic programming approach to allocate resources optimally each week.
C. Apply sensitivity analysis to test different resource allocations and their impact on revenue.
D. Formulate a mixed-integer programming model to account for resource constraints and penalties.
E. Use heuristic-based resource allocation combined with Monte Carlo simulation to test outcomes.

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