Consider a capital budgeting formulation where the binary variables (x_{1}) and (x_{2}) are used to represent the

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Consider a capital budgeting formulation where the binary variables \(x_{1}\) and \(x_{2}\) are used to represent the acceptance \(\left(x_{i}=1\right)\) or rejection \(\left(x_{i}=0\right)\) of each alternative. The requirement that the null alternative is not feasible can be represented by which of the following?

a. \(x_{1}+x_{2}<=1\)

b. \(x_{2}<=x_{1}\)

c. \(x_{1}+x_{2}>=1\)

d. \(x_{1}<=x_{2}\)

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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