Question: Schwann Company has five projects to consider. Each will require certain number of employees in the next two months according to the table below. Present

Schwann Company has five projects to consider.

Schwann Company has five projects to consider. Each will require certain number of employees in the next two months according to the table below. Present value of each project is also shown. Project Number of employees Number of employees needed in the first month needed in the second month Present value ($) 22,000 17,000 11,000 9,000 20,000 There are 35 employees in the first month and 40 employees in the second month who can work on these projects. If Project Dis done, then Project E can be done. If Project C is done, Project B must be done. At most one of Projects A and B can be done. Develop a model to determine which projects will be done with the objective of maximizing total present value. a) Define the variables. b) Write the mathematical formulation of the problem, c) Solve the problem in Solver and state the optimal solution here

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