Formulate the integer programming model for given problem

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Reference no: EM131142666

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	expenses $1,000	scientists required	profit (1,000,000)
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.

Reference no: EM131142666

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