Question: 3 . Lupin, a construction company, are evaluating the selection of five projects over a 3 - year planning horizon. For this purpose, their total
Lupin, a construction company, are evaluating the selection of five projects over a year planning horizon. For this purpose, their total available budget is million and they decide the equal allocation of the budget over years. The following table gives the expected profits for each project and the associated yearly expenditures.
Projects Expenditure in millions year Profits in millions
Year Year Year
Now Lupin wants to maximize its profit. Based on the information given above, answer the following questions.
a Write down the objective function of the Integer programming consistent with the objective of Lupin
b Write down the constraints of Integer programming consistent with the objective of Lupin
c Which projects should be selected? What will be the maximum return for Lupin? You can use either excel or QM for windows to solve the problem
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