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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
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 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 itStep by Step Solution
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