Question
We have 5 projects for execution over the next 3 years. The expected return for each project and funds needed and available each year (in
We have 5 projects for execution over the next 3 years. The expected return for each project and funds needed and available each year (in thousands dollars) are given as follows:
Year 1
Year 2
Year 3
Return
Project 1
5
1
8
20
Project 2
4
7
10
40
Project 3
3
9
2
20
Project 4
7
4
1
15
Project 5
8
6
10
30
Funds available
25
24
23
Which of the five projects should be executed over the three years knowing that
a)Exactly two of the projects 3 , 4 and 5 must be done.
b)If project 1 and 3 are done project 5 must be done.
c)Project 1 and 2 must be undertaken simultaneously.
Formulate a linear programming which maximize the return. (setup and do not solve)
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