Question: Problem 1 ( 2 0 Points ) : An airline owns an aging fleet of Boeing 7 3 7 jet airplanes. It is considering a

Problem 1(20 Points): An airline owns an aging fleet of Boeing 737 jet airplanes. It is considering a major purchase of up to 17 new Boeing 757 and 767 jets. The decision must take into account of numerous cost and capabilities factors, including the following: the airline can finance up to $16 billion in purchase; each Boeing 757 will cost $80 million and 767 will cost $110 million; at least one-third of planes purchased should be the longer-range 757; the annual maintenance cost per 757 is estimated to be $800,000 and it is $500,000 for each 767 ;
757 can carry 125000 passengers per year, where as each 767 can fly 81000 passengers annually.
Formulate this as an integer programming problem to maximize the annual passengerscarrying capability.
Problem 1 ( 2 0 Points ) : An airline owns an

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