Consider the capital budgeting probiem given belo max z = 13x1 + 16x2 + 16x3 + 14x4 + 39x5 s.t. 11x1 + 53x2 + 5x3 + 5x4 + 29xs < 40 (Time 0 constraint) 3x1 + 6x2 + 5x3 + x4 + 34xs < 20 (Time 1 constraint) x2 X3 <1 X4 Xs < 1 X; 2 0 (i = 1, 2, 3, 4, 5) a. Solve the model using Excel Solver.

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ISBN:9780470458365
Author:Erwin Kreyszig
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Consider the capital budgeting problem given below.
max z =
13x1 + 16x2 + 16x3 + 14x4 + 39x5
s.t.
11x1 + 53x2 + 5x3 + 5x4 + 29x5 < 40
(Time 0 constraint)
3x1 + 6x2 + 5x3 + x4 + 34x5 < 20
(Time 1 constraint)
< 1
X2
< 1
X3
< 1
X4
< 1
x5 < 1
X; 2 0
(i = 1, 2, 3, 4, 5)
a. Solve the model using Excel Solver.
b. Solve the model using GAMS.
Transcribed Image Text:Consider the capital budgeting problem given below. max z = 13x1 + 16x2 + 16x3 + 14x4 + 39x5 s.t. 11x1 + 53x2 + 5x3 + 5x4 + 29x5 < 40 (Time 0 constraint) 3x1 + 6x2 + 5x3 + x4 + 34x5 < 20 (Time 1 constraint) < 1 X2 < 1 X3 < 1 X4 < 1 x5 < 1 X; 2 0 (i = 1, 2, 3, 4, 5) a. Solve the model using Excel Solver. b. Solve the model using GAMS.
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