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Your employer is trying to select from a list of possible capital projects. The projects, along with their cost and benefits, are listed below.
Your employer is trying to select from a list of possible capital projects. The projects, along with their cost and benefits, are listed below. The capital budget available is $1 million. In addition to spending constraints, your employer would like to select at least two projects. If project 1 is chosen then project 2 cannot be selected. Formulate the problem as a linear program and determine the optimal solution. Project Cost 1 Net Present Value Notes $250,000 $500,000 Cannot be selected if 2 is selected 234 $500,000 $ 750,000 Cannot be selected if 1 is selected $290,000 $333,000 $650,000 $ 400,000 5 $750,000 $600,000 What constraint satisfies the notes in the far right column, given that Xi = a binary variable which is 1 if the project is selected and 0 otherwise? choose your answer... choose your answer... + choose your answer... type your answer...
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