The number of available research personnel is 27 and

Assignment Help Basic Statistics

Reference no: EM13622899

Infocomp Systems Lab is a research and development (R&D) company that develops computer systems and software primarily for the medical industry. The lab has proposals from its own researchers for eight new projects. Each of the proposed research projects requires limited resources, and it is not possible to undertake all of them. The following table shows the developmental budget, the number of researchers, and the expected annual sales from each project if successfully developed and implemented:

Project	Developmental Budget ($1,000,000s)	Number of Research Personnel	Expected Annual Sales ($1,000,0005)
1	$0.675	6	$0.82
2	1.050	5	1.75
3	0.725	7	1.60
4	0.430	8	l.90
5	l.240	10	0.93
6	0.890	6	1.70
7	l.620	7	1.30
8	l.200	6	l.80

(1) The company would like to remain within a total developmental budget of $5,000,000.

(2) The number of available research personnel is 27, and Infocomp would like to avoid obtaining extra researchers.

(3) The company would like the expected future annual sales from the implemented projects to be at least $6,500,000.

(4) Projects 1,3,4, and 6 are considered offensive in that they represent new product initiatives, while projects 2, 5, 7, and 8 are existing product upgrades and thus defensive in nature. The lab would like to select at least two projects from each group.

(5) Projects 2, 3, 5, 6, and 7 are considered the most risky of the projects, and the company would prefer not to select any more than three of these projects.

(6) The lab's owner has indicated that she would like to see projects 5 and 6 initiated if doing so would not interfere with the achievement of any of the more important goals determined by the lab's top management.

a. Formulate a goal programming model to determine which projects Infocomp Systems Lab should select to best achieve its goals.

b. Solve this model by using MS Excel. (Note that the solution requires 0-1 integer values for the variables in the model.).

Please be detailed, it would be great if you could show screenshots of excel

Reference no: EM13622899

Questions Cloud

The convection heat-transfer coefficient on the outside of : a 50-cm diameter pipeline in the arctic carries hot oil at 30 degrees celsius and is exposed to a surrounding

The average age of vehicles registered in the united states : the average age of vehicles registered in the united states is 96 months. assume the population is normally distributed

If the economy is normal charleston freight stock is : if the economy is normal charleston freight stock is expected to return 16.5 percent. if the economy falls into a

Determine the steady-state molar flux of the ethanol and : ethanol is diffusing through a 4-mm stagnant film of water. the ethanol concentrations of the entrance and the existing

The number of available research personnel is 27 and : infocomp systems lab is a research and development rampd company that develops computer systems and software primarily

What is the kinetic energy of the pellet in the reference : one way to attack a satellite in earth orbit is to launch a swarm of pellets in the same orbit as the satellite but in

Your car dealer is willing to lease you a new car for 319 a : your car dealer is willing to lease you a new car for 319 a month for 60 months. payments are due on the first day of

Based on a random sampleof 25 units of a product the sample : based on a random sampleof 25 units of a product the sample mean is 102 pounds with a standard deviation of 10 pounds.

Develop the transfer functions of the system relating the : consider a large rain water tank for a remote farmhouse. the farmhouse occupants are constantly concerned with the

User Account

All Pages