Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Table 10-1 A company has decided to use 0-1 integer programming to help make some investment decisions. There are three possible investment alternatives from which

Table 10-1 A company has decided to use 0-1 integer programming to help make some investment decisions. There are three possible investment alternatives from which to choose, but if it is decided that a particular alternative is to be selected, the entire cost of that alternative will be incurred (i.e., it is impossible to build one-half of a factory). The integer programming model is as follows: Maximize 5000 X1 + 7000X2 + 9000X3 Subject to:X1 + X2 + X3 2(only 2 may be chosen) 25000X1 + 32000X2 + 29000X3 62,000(budget limit) 16 X1 + 14 X2 + 19 X3 36(resource limitation) all variables = 0 or 1 where X1 = 1 if alternative 1 is selected, 0 otherwise X2 = 1 if alternative 2 is selected, 0 otherwise X3 = 1 if alternative 3 is selected, 0 otherwise The optimal solution is X1 = 0, X2 = 1, X3 = 1 In Table 10-1, which presents an integer programming problem, using the optimal solution means only two of the alternatives would be selected. How much slack is there in the third constraint?

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

Bitcoin Mining The New Gold Rush Bitcoin Mining Is The Future

Authors: Sam Sutton

1st Edition

1985654717, 978-1985654716

More Books

Students also viewed these Finance questions