Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Table 10-3 A company has decided to use 01 integer programming to help make some investment decisions. There are three possible investment alternatives from which
Table 10-3 A company has decided to use 01 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 Constraint 1 -X1 + X2 0 Constraint 2 25,000 X1 + 32,000 X2 + 29,000 X3 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 Solution x1 = 1, x2 = 0, x3 = 1, objective value = 14,000. Table 10-3 presents an integer programming problem. If the optimal solution is used, then only two of the alternatives would be selected. How much slack would there be in the third constraint? Group of
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started