Question: 3. Consider a capital budgeting example with five projects from which to select. Let Xi = 1 if project i is selected, 0 if not,
3. Consider a capital budgeting example with five projects from which to select. Let Xi = 1 if project i is selected, 0 if not, for i = 1, 2, 3, 4, 5. Write the appropriate constraint(s) for each of the following conditions. Conditions are independent of one another. (a) Select no fewer than three projects. (b) If project 3 is selected, then project 4 must also be selected. (c) Projects cost 150, 150, 90, 275, and 200 respectively. The budget is 400. (d) No more than two of the five projects can be selected.
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