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Generate data randomly from the uniform distribution in the intervals specified in the following table. Table 1. Projects -GreenCatCorporation Expected Profit Next Year Anticipated Cost

Generate data randomly from the uniform distribution in the intervals specified in the following table.

Table 1.

Projects -GreenCatCorporation

Expected Profit Next Year

Anticipated Cost

Expected Civil Engineering Hours

Expected Electrical Engineering Hours

Expected Management Engineering Hours

Project 1

1.5-2.5

0.6-0.8

371

230

114

Project 2

3-5

0.8-1.2

527

389

256

Project 3

4-6

2.3-2.7

569

347

219

Project 4

7-8

2.5-2.9

782

539

356

Project 5

9-11

4-6

669

401

171

Project 6

0.5-1.5

0.25-0.5

228

182

131

Project 7

10-14

3.5-4.5

730

576

235

Project 8

13-17

6-9

981

706

539

Project 9

2-4

0.6-0.8

196

127

71

Project 10

5-7

2.5-3.5

841

546

485

Project 11

15-19

3-4

712

526

123

Project 12

3-5

1.5-2.5

572

446

325

Project 13

4-6

1.5-1.9

502

356

308

Project 14

4-6

2.2-2.8

589

353

357

Table 2.

Projects -GreenCatCorporation

Expected Profit Next Year

Anticipated Cost

Expected Civil Engineering Hours

Expected Electrical Engineering Hours

Expected Management Engineering Hours

Project 1

1-3

0.5-0.9

371

230

114

Project 2

2-6

0.5-1.5

527

389

256

Project 3

3-5

1.5-3.5

569

347

219

Project 4

6-10

2-3.4

782

539

356

Project 5

6-14

3-7

669

401

171

Project 6

0.5-1.5

0.25-.075

228

182

131

Project 7

7-17

3-5

730

576

235

Project 8

11-19

5-10

981

706

539

Project 9

1.5-4.5

0.4-1.0

196

127

71

Project 10

4-8

1.5-4.5

841

546

485

Project 11

12-22

2-5

712

526

123

Project 12

2-6

1-3

572

446

325

Project 13

3-7

1.2-2.2

502

356

308

Project 14

2-8

1.5-3.5

589

353

357

Consider the following constraints:

S2-1 We have a budget of only $20,000,000.

S2-2 Project 2, Project 6 and Project 7 are to be performed at 3 different locations and require specialized equipment. We can only perform one of these projects (i.e., if we select Project 6, we cannot initiate Project2 or Project 7).

S2-3 Project 1 and Project 4 are to be initiated together (i.e., either BOTH be initiated or neither are to be initiated).

S2-4 We have a limit of 5,000 hours for Civil Engineering.

S2-5We have a limit of 3,500 hours for Electrical Engineering.

S2-6 We have a limit of 2,000 hours for Management Engineering.

Build your model in Excel and solve using SOLVER.

Provide the following:

1 - Generate 5 data tables randomly using the information provided in the above Table 1.

2 - Which projects were selected in each case? Did the recommendations vary? How?

Note: Consider only Binary Solution (0,1)

3 - Generate 5 more tables using the information provided in Table 2.

4 - Which projects were selected in each case? Did the recommendations vary? How?

5 - Provide a summary table for the results in questions (2) and (4) and discuss your findings. Do the results in (2) and (4) vary? If so, why?

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