## [answered] A company has \$1,00,000 to invest in new R&amp;D projec

A company has \$1,00,000 to invest in new R&D projects. ?The company wants to determine what set of projects should be selected. ?

The following table summarizes the initial cost and revenue potential for each of the projects.?

 Project Initial Cost Expected Revenue 1 \$500,000 \$1,500,000 2 \$500,000 \$1,500,000 3 \$500,000 \$1,800,000 4 \$500,000 \$1,800,000

a.) Formulate an LP model for this problem with the objective of maximizing total profit.
b.) Implement your model in a spreadsheet and solve it
c.) What is the optimal solution?

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This question was answered on: Sep 18, 2020

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