Question: A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm s goal is to
A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firms goal is to maximize the net present value of their decision while not spending more than their currently available capital. A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm's
goal is to maximize the net present value of their decision while not spending more than their currently available capital.
Solve this problem to optimality and answer the following questions:
a Which of the warehouse locations willwill not be selected?
Max xxxx
stxxxxConstraint
x x x xConstraint
x xConstraint
x xConstraint
x xConstraint
xj if location j is selected otherwise
Solve this problem to optimality and answer the following questions:
Which of the warehouse locations willwill not be selected?
What is the net present value of the optimal solution?
Note: Round your answer to the nearest whole number.
How much of the available capital will be spent Hint: Constraint enforces the available capital limit
Note: Round your answer to the nearest whole number.
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