- First, write the formulas to solve this problem in your Word document
- Next, set up the model in Excel. Please use Solver to solve and save the solution.
o Note that your decision variables here should generally be integers; but because we have defined a one-year limit on the analysis, we can accept fractional values. (Use the Simplex LP method to solve the problem and place a checkmark on the option “Make Unconstrained Variables Non-Negative”)
- Either highlight with a color or place a text box at the top or right side of the worksheet to summarize the following:
(a) How many projects in each category should your team take on?
(b) What would be the total profit for your unit?
- In a special case of this problem, you have been told that all of your project managers may not be able to handle all project types. Only 8 of the project managers could work on all projects (i.e., the rest of the project managers can only handle CRM and Portal projects). Express this additional constraint as a formula in your Word document. (If you wish, you can solve the problem with this additional constraint and report the answer in your Word document).
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