Question: Solving it using (CPLEX) Please.. PROBLEM SET 2.3C 1. Fox Enterprises is considering six projects for possible construction over the next four years. The expected
Solving it using (CPLEX) Please..
PROBLEM SET 2.3C 1. Fox Enterprises is considering six projects for possible construction over the next four years. The expected (present value) returns and cash outlays for the projects are given below. Fox can undertake any of the projects partially or completely. A partial undertak- ing of a project will prorate both the return and cash outlays proportionately. Cash outlay ($1000) Project Year 1 Year 2 Year 3 Year 4 Return ($1000) 1 10.5 14.4 2.2 24 32.40 2 8.3 12.6 9.5 3.1 35.80 10.2 14.2 5.6 4.2 17.75 4 7.2 10.5 7.5 5.0 14.80 5 12.3 10.1 8.3 6.3 18.20 9.2 7.8 6.9 5.1 12.35 Available funds ($1000) 60.0 70.0 35.0 20.0 (a) Formulate the problem as a linear program, and determine the optimal project mix that maximizes the total return. Ignore the time value of money
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
