Exhibit 6.1 The Following Questions Pertain to the Problem, Formulation, and Spreadsheet

question 59

Short Answer

Exhibit 6.1
The following questions pertain to the problem, formulation, and spreadsheet implementation below.
A research director must pick a subset of research projects to fund over the next five years. He has five candidate projects, not all of which cover the entire five-year period. Although the director has limited funds in each of the next five years, he can carry over unspent research funds into the next year. Additionally, up to $30K can be carried out of the five-year planning period. The following table summarizes the projects and budget available to the research director. The following is the ILP formulation and a spreadsheet model for the problem.
-Refer to Exhibit 6.1. What formula should go in cell D15 of the above Excel spreadsheet?

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Definitions:

SCOR Model

The Supply Chain Operations Reference model, a management tool used to address, improve, and communicate supply chain management decisions.

Level One Processes

Processes at the most basic or initial stage, often referring to core, fundamental business operations or activities.

Suggested Metrics

Recommended measurements or indicators used to evaluate the performance or success of an operation, project, or system.

Order Management

The process of efficiently tracking and fulfilling sales orders, from initial receipt through to delivery to the customer.