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Question # 2 ( 2 0 p . ) : Consider a capital budgeting example with five projects from which to select. Let x i

Question # 2(20p.) : 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 ((:$1,000} are 100,200,150,75, and 300, respectively. Suppose that the budget is 550. Consider the following requirements: Choose at least 3 projects, if project 3 is chosen, project 4 must not be chosen and if project 1 is chosen, project 5 must not be chosen. Estimated profit ($1,000) for each project are 250,400,300,150, and 500, respectively. Suppose that we want to maximize the profit. Based on the given information answer the following questions:
a) Formulate the integer programming model.
b) Introduce slack/surplus/artificial variables and prepare LP model in a standard form.
c) Use the standard form of LP given in part (b) to constract the initial simplex tableau and fill in all cell values. (DO NOT SOLVE THE PROBLEM)
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