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 Max 25 x 1 15 x 2 25 x 3 15 x 4 s t 5 x 1 11 x 2 4 x 3 5 x 4 11 Constraint 1 x 1 x 2 x 3 x 4 2 Constraint 2 x 1 x 2 1 Constraint 3 x 1 x 3 1 Constraint 4 x 2 x 4 Constraint 5 xj 1, if location j is selected0, otherwisexj 1, if location j is selected0, otherwise Solve this problem to optimality and answer the following questions Which of the warehouse locations will will not be selected Location 1 will Location 2 will Location 3 will Location 4 will

The Answer is in the image, click to view ...

Question: 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

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.

Max 25x₁ + 15x₂ + 25x₃+ 15x₄ s.t. 5x₁ + 11x₂ + 4x₃ + 5x₄ 11 {Constraint 1} x₁ + x₂ + x₃ + x₄ 2 {Constraint 2} x₁ + x₂ 1 {Constraint 3} x₁ + x₃ 1 {Constraint 4} x₂ = x₄ {Constraint 5}

xj = {1, if location j is selected0, otherwisexj = 1, if location j is selected0, otherwise

Solve this problem to optimality and answer the following questions:

Which of the warehouse locations will/will not be selected?

Location 1 will

Location 2 will

Location 3 will

Location 4 will

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

WK Qu. 7-11 A firm has prepared the following binary... 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 firm's goal is to maximize the net present value of their decision while...

please answer A,B,C right 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...

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...

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...

Binary integer programming can be used for: A. capital budgeting. B. site selection. C. scheduling asset divestitures. D. assignments of routes. E. All of the choices are correct. A firm has prepared...

please show how to do it on excel, having trouble setting it up correctly. WK Qu. 7-11 A firm has prepared the following binary... A firm has prepared the following binary integer program to evaluate...

Assume that each employee contrnibutes $14 per week for union dues. The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee earnings records as well as daily time...

Fill in the table for the type of weighting system for the various indexes. Put an (x) under the appropriate weighting system. Price Value Equal Weighted Weighted Weighted NYSE Composite Index Value...

If a firm has the following sources of finance, current liabilities 100000 long term debt 350000 preferred stock 75000 common stock 225000 earns a profit of $35000 after taxes, and pays $7500 in...

What is an example of constructive feedback? provide reference