Question
A firm has prepared the following binary integer program to evaluate a number of potential new capital projects. The firm's goal is to maximize the
A firm has prepared the following binary integer program to evaluate a number of potential new capital projects. The firm's goal is to maximize the net present value of their decision while not spending more than their currently available capital.
Max 100x1 + 120x2 + 90x3 + 135x4 s.t. 150x1 + 200x2 + 225x3 + 175x4 500 {Constraint 1} x1 + x2 + x3 + x4 2 {Constraint 2} x2 + x4 1 {Constraint 3} x2 + x3 1 {Constraint 4} x1 = x4 {Constraint 5} xj={1, if project j is selected0,otherwise
which of the constraints enforces a mutually exclusive relationship?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
9781119790976
