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Consider a capital budgeting example with five projects from which to select. Let Xi = 1 if project i is selected, 0 if not, for
Consider a capital budgeting example with five projects from which to select. Let Xi = 1 if project i is selected, 0 if not, for i = 1,2,3,4,5.
Projects cost are $100, $200, $150, $75, and $300, respectively. Suppose that the budget is $450.
Consider the following requirements:
1. Choose at least 3 projects,
2. If project 3 is chosen, project 4 must not be chosen, and
3. the total cost cannot exceed the budget
4. projects 4 and 5 cannot be both selected
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