Your employer is trying to select from a list of possible capital projects. The projects, along with their cost and benefits, are listed below. The capital budget available is $1 million. In addition to spending constraints, your employer would like to select at least 3 projects. Projects 3 and 5 cannot both be selected together. Formulate the problem as a linear program and determine the optimal solution. Project Cost Net Present Value $250,000 $245,000 $290,000 $600,000 $410,000 $780,000 $480,000 $570,000 3 $280, 000 $245,000 Which projects should be selected? Project 1 will

Your employer is trying to select from a list of possible capital projects. The projects, along with their cost and benefits, are listed below. The capital budget available is $1 million. In addition to spending constraints, your employer would like to select at least 3 projects. Projects 3 and 5 cannot both be selected together. Formulate the problem as a linear program and determine the optimal solution. Project Cost Net Present Value $250,000 $245,000 $290,000 $600,000 $410,000 $780,000 $480,000 $570,000 3 $280, 000 $245,000 Which projects should be selected? Project 1 will

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter6: Optimization Models With Integer Variables

Section: Chapter Questions

Problem 45P

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