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Total maximum investment is limited to 3,000$ Investment Plan Optimization (Oil and Gas Industry in the United States) A global investment company would like to
Total maximum investment is limited to 3,000$
Investment Plan Optimization (Oil and Gas Industry in the United States) A global investment company would like to make an investment on several Oil and Gas Companies in the United States. Total annual expected return (in thousands) and cost for block of shares (investment costs in thousands) are given in Table 1. Table 1. Company name, expected annual return and cost for block of shares EXPECTED COST FOR COMPANY NAME ANNUAL RETURN BLOCK OF SHARES (LOCATION) (IN THOUSANDS) (IN THOUSANDS) Trans-Texas Oil (Texas) $ 50 $ 480 British Petro (Foreign) $ 80 $ 540 Dutch Shell (Foreign) $ 90 $ 680 Houston Drilling (Texas) $120 $1,000 Lone Star Petro (Texas) $110 $ 700 San Dieago Oil (California) $ 40 $ 510 California Petro (California) $ 75 $ 900 d) If we reduce the investment limit to 2500$, what will be the final objective function value and the binary value of each decision variable? Is there any change? (10 points) For part d, please copy and paste the excel output belowStep by Step Solution
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