Riesemberg Medical Devices is allocating next year's budget among its divisions. As a result, the R&D Division needs to determine which R&D projects to fund. Each project requires various software and hardware and consulting expenses, along with internal human resources budget allocation of $1,300,000 has been approved, and 35 engineers are available to work on the projects. The R&D group has determined that at most one of projects 2 and 4 should be pursued, and that if project 3 is chosen, then project 2 must also be chosen Develop a model to select the best projects within the budget Click the icon to view the project expected return (NPV), resources, and cost data m
Riesemberg Medical Devices is allocating next year's budget among its divisions. As a result, the R&D Division needs to determine which R&D projects to fund. Each project requires various software and hardware and consulting expenses, along with internal human resources budget allocation of $1,300,000 has been approved, and 35 engineers are available to work on the projects. The R&D group has determined that at most one of projects 2 and 4 should be pursued, and that if project 3 is chosen, then project 2 must also be chosen Develop a model to select the best projects within the budget Click the icon to view the project expected return (NPV), resources, and cost data m
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter11: Simulation Models
Section: Chapter Questions
Problem 68P
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![Riesemberg Medical Devices is allocating next year's budget among its divisions. As a result, the R&D Division needs to determine which R&D projects to fund. Each project requires various software and hardware and consulting expenses, along with internal human resources. A
budget allocation of $1,300,000 has been approved, and 35 engineers are available to work on the projects. The R&D group has determined that at most one of projects 2 and 4 should be pursued, and that if project 3 is chosen, then project 2 must also be chosen. Develop a
model to select the best projects within the budget.
Click the icon to view the project expected return (NPV), resources, and cost data
Which combination of projects maximizes NPV within the budget? Select all that apply.
A. 1
B. 5
C. 7
D. 3
E. 6
OF 4
G. 2
R&D Project Data
Project
3
4
5
6
7
NPV
$340,000
$590,000
$400,000
$600,000
$725,000
$650,000
$550,000
Internal Engheers
8
4
Print
12
9
10
8
7
Done
Additional Costs D
$130,000
$400,000
$180,000
$196,000
$200,000
$225,000
$70,000
- X
2014](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d6b4b1b-e439-489b-8b63-285d84305e11%2F560a9793-9d8d-453e-a883-e9e8ad85ad62%2Ffptxkxp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Riesemberg Medical Devices is allocating next year's budget among its divisions. As a result, the R&D Division needs to determine which R&D projects to fund. Each project requires various software and hardware and consulting expenses, along with internal human resources. A
budget allocation of $1,300,000 has been approved, and 35 engineers are available to work on the projects. The R&D group has determined that at most one of projects 2 and 4 should be pursued, and that if project 3 is chosen, then project 2 must also be chosen. Develop a
model to select the best projects within the budget.
Click the icon to view the project expected return (NPV), resources, and cost data
Which combination of projects maximizes NPV within the budget? Select all that apply.
A. 1
B. 5
C. 7
D. 3
E. 6
OF 4
G. 2
R&D Project Data
Project
3
4
5
6
7
NPV
$340,000
$590,000
$400,000
$600,000
$725,000
$650,000
$550,000
Internal Engheers
8
4
Print
12
9
10
8
7
Done
Additional Costs D
$130,000
$400,000
$180,000
$196,000
$200,000
$225,000
$70,000
- X
2014
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