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Suppose that there are three green technologies you consider investing in and you want to select which green technologies to invest in . If you
Suppose that there are three green technologies you consider investing in and you want to select which green technologies to invest in If you choose a technology to invest, there is a fixed payment you need to make. Each technology has a profit and environmental benefit. The table below gives the information about these projects.
Technology Technology Technology
Profit
Environment Benefit
Fixed Payment
While selecting which technologies to invest, you want to maximize the total profit and maximize the total environmental benefit; but you have a limited budget of so you cannot pay more than in total fixed payments.
a Mathematically formulate a multiobjective binary programming model for the above technology selection problem. To do so clearly define the decision variables for binary variables, define what means and what means and then formulate the objective functions and the constraints using the decision variables.
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