Grush Consulting Has Five Projects to Consider Revenue from Each Project Is Also Shown

question 18

Essay

Grush Consulting has five projects to consider. Each will require time in the next two quarters according to the table below. $$\begin{array} { c c c c } \text { Project } & \text { Time in first quarter } & \text { Time in second quarter } & \text { Revenue } \\\hline \text { A } & 5 & 8 & 12000 \\\text { B } & 3 & 12 & 10000 \\\text { C } & 7 & 5 & 15000 \\\text { D } & 2 & 3 & 5000 \\\text { E } & 15 & 1 & 20000\end{array}$$ Revenue from each project is also shown. Develop a model whose solution would maximize revenue, meet the time budget of 25 in the first quarter and 20 in the second quarter, and not do both projects C and D.

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Definitions:

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, generally classified as residential, commercial, or industrial properties.

Desirable Neighborhoods

Areas that are highly sought after by homebuyers and renters due to factors like safety, amenities, good schools, and proximity to employment opportunities.

Conspicuous Consumption

The purchase and use of goods and services to publicly display wealth rather than to meet basic needs.

Thorstein Veblen

An American economist and sociologist best known for his theory of the leisure class and criticisms of capitalism.