A consulting company is under contract to carry out six projects, all with deadlines assured in days
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A consulting company is under contract to carry out six projects, all with deadlines assured in days from now. The consultants are a small group and they work together on each project, so that the project will be started and completed sequentially. Under the terms of contract, the consultants will receive 28,000 for each project completed on time, but they will incur 45,000 as penalties for each project completed late. Each project has an associated duration, which is the anticipated number of days required to carry out the project as shown below.
How should the projects be sequenced in order to maximize net revenues?
Project ID 1 2 3 4 5 6 Duration (t1) 3 5 7 9 10 9 Deadlines (d1) 7 11 28 20 11 16 AppendixLO1
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