Formulate and Solve Optimization Models with Binary Variables and Logical
Question 40
Question 40
Multiple Choice
Formulate and solve optimization models with binary variables and logical constraints. Use the table below to answer the following question(s) by invoking the binary constraints on the variables using the standard Solver. Below is the spreadsheet for a project selection model: 1234567891011121314 A Project Selection Model Data Expected Return (NPV) Cash requirements Personnel requirements Model Project selection decisions Cash Used Personnel Used Return B Project 1 $160,000$45,0007 C Project 2 $200,000$70,0004 D Project 3 $125,000$28,0002 E Project 4 $150,000$52,0006 F Project 5 $225,000$65,0004 G Available Resources $175,00010 -What is the total amount of personnel used for all five projects?
A) 23 B) 17 C) 10 D) 4
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge