Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need the final answer only please. Thank you. A professor has been contacted by five not-for-profit agencies that are willing to work with student

I need the final answer only please. Thank you. image text in transcribed
image text in transcribed
A professor has been contacted by five not-for-profit agencies that are willing to work with student consulting teams. The agencies need help with such things as budgeting, information systems, coordinating volunteers, forecasting and distribution. Although each of the five student teams could work with any of the agencies, the professor feels that there is a difference in the amount of time it would take each group to solve each problem. The professor's estimate of the time, in days, is given in the table below. The goal is to minimize the total time spent. Let Xij denote if team i(A=1,B=2,C=3,D=4,E=5) is assigned to project j (Budgeting =1, Distribution =2, Forecasting =3, Information =4, Volunteering =5 ) Let Xij denote if team i(A=1,B=2,C=3,D=4,E=5) is assigned to project j( Budgeting =1. Distribution =2, Forecasting =3, Information =4, Volunteering =5 ) If a team can be assigned to more than one project, then, an assignment which excludes which of the following teams can still be optimal? E C A All of these teams MUST be included. D A professor has been contacted by five not-for-profit agencies that are willing to work with student consulting teams. The agencies need help with such things as budgeting, information systems, coordinating volunteers, forecasting and distribution. Although each of the five student teams could work with any of the agencies, the professor feels that there is a difference in the amount of time it would take each group to solve each problem. The professor's estimate of the time, in days, is given in the table below. The goal is to minimize the total time spent. Let Xij denote if team i(A=1,B=2,C=3,D=4,E=5) is assigned to project j (Budgeting =1, Distribution =2, Forecasting =3, Information =4, Volunteering =5 ) Let Xij denote if team i(A=1,B=2,C=3,D=4,E=5) is assigned to project j( Budgeting =1. Distribution =2, Forecasting =3, Information =4, Volunteering =5 ) If a team can be assigned to more than one project, then, an assignment which excludes which of the following teams can still be optimal? E C A All of these teams MUST be included. D

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Describe the master budget and explain its benefits

Answered: 1 week ago