In early January soos. the seniormanagement committee of Queensland Food Corp was to meet to draw up the rm's capital budget forthe new 1,rear. Up for consideration were 11 major projects that totaled over $20.3 million. Unfortunately. the board of directors had imposed a spending limit of only.r $3.0 million; even so, investment at that rate would represent a major increase in the nn's asset base of $55.5 million. Thus the challenge for the senior managers of lQueensland Food Corp was to allocate funds among a range of compelling projects nominated for consideration