Consider a budget allocation problem where $ 5 8 million is available for a number of projects
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Question:
Consider a budget allocation problem where $ million is available for a number of projects listed below. The investment required in each project along with the expected return in terms of utility is also given. The problem is to find which projects should be financed in order to maximize the total expected utility not exceeding the budget limitation Now suppose there are additional conditions in selecting the projects. Write the constraints for these conditions.
Any three of the five projects must be undertaken.
Projects and must be taken simultaneously or not taken at all.
Project will be undertaken only if project is undertaken but project is not conditional on projectl that means, you can have project without project but you cannot have projectl unless project is undertaken
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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