Question: MGMT 430 Binary Integer Programming AssignmentWeek 4Dropbox 5 Consider a small Oil production rm with 5 competing oil production projects, A - E- The table

MGMT 430 Binary Integer Programming AssignmentWeek 4Dropbox 5 Consider a small Oil production rm with 5 competing oil production projects, A - E- The table below shows the estimated long-term prot {Net Present 1Value} for each project as well as the amount of investment capital required to start the project. You have been contacted to help select the best combination of projects to maximize the Net Present Value subject to the capital investment limit of $32 million. Production Project A B C D E Estimated Prot (millions) Capital Required (millions) 1} Formulate a Binary Integer Programming (BIP) model on a spreadsheet. 2} Solver the model using Solver
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