Question: A company has decided to use binary integer programming to help make some investment decisions. There are three possible investment alternatives from which to choose,
A company has decided to use binary integer programming to help make some investment decisions. There are three possible investment alternatives from which to choose, but if it is decided that a particular alternative is to be selected, the entire cost of that alternative will be incurred ie it is impossible to build onehalf of a factory The integer programming model is as follows:
Maximize XXX
Subject to:
X X Xonly may be chosen
XXXbudget limit
X X Xresource limitation
all variables or
where
X if alternative is selected, otherwise
X if alternative is selected, otherwise
X if alternative is selected, otherwise
The optimal solution is X X X
According to the model above, which presents an integer programming problem, if the optimal solution is used, what would the value of the objective function be
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