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    The Texas Consolidated Electronics Company Problem

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    The Texas Consolidated Electronics Company is contemplating a research and development program encompassing eight research projects. The company is constrained from embarking on all projects by the number of available management scientists (40) and the budget available for R&D projects ($300,000). Further, if project 2 is selected, project 5 must also be selected (but not vice versa). Following are the resources requirement and the estimated profit for each project.

    Project Expense
    ($1,000s)
    Management
    Scientists required
    Estimated Profit
    (1,000,000s)
    1 50 6 0.30
    2 105 8 0.85
    3 56 9 0.20
    4 45 3 0.15
    5 90 7 0.50
    6 80 5 0.45
    7 78 8 0.55
    8 60 5 0.40

    Formulate the integer programming model for this problem and solve it using the computer.

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    https://brainmass.com/business/managerial-statistics/texas-consolidated-electronics-company-problem-645665

    Solution Summary

    The solution comprises of detailed solution of the given LP problem using EXCEL Solver.

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