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

question 53

Essay

Grush Consulting has five projects to consider.Each will require time in the next two quarters according to the table below.
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$$\begin{array} { c c c c } \text { Project } & \text { Time in first quarter } & \text { Time in second quarter } & \text { Revenue } \\\hline \text { A } & 5 & 8 & 12000 \\\text { B } & 3 & 12 & 10000 \\\text { C } & 7 & 5 & 15000 \\\text { D } & 2 & 3 & 5000 \\\text { E } & 15 & 1 & 20000\end{array}$$ 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:

Long Lived Asset

An asset that is expected to provide economic benefits over a prolonged period, typically over one year, such as buildings, machinery, and equipment.

Service Life

Service life is the expected period during which an asset remains useful and operational for its intended purpose.

Machinery

Refers to machines, equipment, and devices that perform various tasks on a larger scale or operate in a system designed for a specific application.

Bad Debt Reserve

Also known as the allowance for doubtful accounts, it represents funds set aside to account for projected losses from unpaid customer debts.