Question: Five projects are being evaluated over a 3 - year planning horizon. The following table gives the expected returns for each project and the associated
Five projects are being evaluated over a year planning horizon. The following table gives the expected returns for each project and the associated yearly expenditures.
Expenditures millions $year
Project
Returns million $
Available funds million $
a Formulate the above as an integer linear programming problem, utilizing the step LP problem formulation technique described during my lectures. points
Note: Points will be given for each component of the formulation according to the answer submitted by the student in the following manner:
Decision Variables: point
Objective Function: point
Constraints: points
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