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Please construct a LP model. Lindsay Construction has an opportunity to build five shopping malls during the next year. The expected profit and expected cost
Please construct a LP model.
Lindsay Construction has an opportunity to build five shopping malls during the next year. The expected profit and expected cost for each of the shopping malls are shown in the table below. The company has budgeted $3,500,000 for the construction of shopping malls during the next year. Also, due to various legal restrictions and marketing considerations, the following relationships among the projects must be met. - At least one of the three shopping malls 2,3 , and 4 must be constructed. - If shopping mall 5 is constructed, then shopping mall 4 also must be constructed. Lindsay Construction formulates a Binary Integer Programming to determine which shopping malls they should build in order to maximize total net profit. Binary decision variables X1,X2,X3,X4, and X5 are defined with value 1 representing the decision to construct the corresponding shopping mall and value 0 otherwise. Which of the following models best represents the mathematical formulation of thisStep by Step Solution
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