Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

if not possible gurobi, just need formulate mathematical programming model and Excel solver. thanks a lot. A food production and retail chain is considering several

image text in transcribedif not possible gurobi, just need formulate mathematical programming model and Excel solver. thanks a lot.

A food production and retail chain is considering several projects that have varying capital requirements over the next 3 years. The projects are (1) possible plant expansion, (2) possible warehouse expansion, (3) possible addition of a transport unit, and (4) possible purchase of new machinery. The estimated net present value for each project, the investment requirements, and the available capital over the next 3 years are shown below. All figures are in million dollars. Proiect Plant 0.30 0.25 0.20 1.0 Capital Available 0.60 0.65 0.40 Warehouse Trans Ma Year 1 (IR) Year 2 (IR) Year 3 (IR 0.15 0.20 0.15 0.60 0.10 0.06 0.08 0.30 0.15 0.12 0.10 0.50 Present Value Formulate a mathematical company by using both Excel Solver and Gurobi. programming model that decides which projects the should choose in order to maximize the total net present value and solve it A food production and retail chain is considering several projects that have varying capital requirements over the next 3 years. The projects are (1) possible plant expansion, (2) possible warehouse expansion, (3) possible addition of a transport unit, and (4) possible purchase of new machinery. The estimated net present value for each project, the investment requirements, and the available capital over the next 3 years are shown below. All figures are in million dollars. Proiect Plant 0.30 0.25 0.20 1.0 Capital Available 0.60 0.65 0.40 Warehouse Trans Ma Year 1 (IR) Year 2 (IR) Year 3 (IR 0.15 0.20 0.15 0.60 0.10 0.06 0.08 0.30 0.15 0.12 0.10 0.50 Present Value Formulate a mathematical company by using both Excel Solver and Gurobi. programming model that decides which projects the should choose in order to maximize the total net present value and solve it

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data And Databases

Authors: Jeff Mapua

1st Edition

1978502257, 978-1978502253

More Books

Students also viewed these Databases questions