Globex Investment Capital Corporation owns six companies that have the following estimated returns (in millions of dollars)
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Globex Investment Capital Corporation owns six companies that have the following estimated returns (in millions of dollars) if sold in one of the next 3 years:
Year Sold
(estimated return, $1,000,000s)
Company 1 2 3 1 $14 $18 $23 2 9 11 15 3 18 23 27 4 16 21 25 5 12 16 22 6 21 23 28 To operating funds, the company must sell at least $20 million worth of assets in year 1, $25 million in year 2, and $35 million in year 3.
Globex wants to develop a plan for selling these companies during the next 3 years to maximize return.
Formulate an integer programming model for this problem, and solve it by using the computer.
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