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Formulate resource allocation problem as linear programming

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Question 1: GGV Corp. is considering the expansion of its networking and communication equipment production. Four projects are being considered. Projects A and B are mutually exclusive, and Projects C and D are mutually exclusive. Project C cannot be selected unless Project A or B has been selected. Project D is an optional add-on of Project A. The company's board of directors has approved $2 million for this expansion. In addition, because of limited personnel, only 27,000 labor hours can be committed to the expansion. Formulate the resource allocation problem as a linear programming model. Use a MARR of 7.2% per year.

                                              Project A                          Project B                  Project C                Project D

Initial Cost$                    410,000                        560,000                 595,000                  635,000

Net Annual Revenue, $        54,000                         69,000                    72,500                  77,500

Man-Hours Requirement         11,000                     12,500                 12,950                         13,250

Reference no: EM132498842

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