Question: 1 ( Project selection problem ) : A company wants to invest on some of projects. ( Either the entire project is selected or not
Project selection problem: A company wants to invest on some of
projects. Either the entire project is selected or not at all. Each of the six projects
has a cost and yields a revenue as shown below.
Project Cost in $million Revenue in $million
$ $
$ $
$ $
$ $
$ $
$ $
The company has a total budget $in $million that cannot be exceeded. The goal is to invest
the capital in such a way that it maximizes the total revenue. Formulate this situation as a zeroone integer program and find the optimal solution. points
a What is the maximum revenue that can be obtained?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
