Question: What is the net present value of the optimal solution? (Round your answer to the nearest whole number.) How much of the available capital will

What is the net present value of the optimal

What is the net present value of the optimal solution? (Round your answer to the nearest whole number.)

How much of the available capital will be spent (Hint: Constraint 1 enforces the available capital limit)? (Round your answer to the nearest whole number.)

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 not spending more than their currently available capital. Max20x1+30x2+10x3+15x4 s.t. 5x1+7x2+12x3+11x421 \{Constraint 1} x1+x2+x3+x42{ Constraint 2} x1+x21{ Constraint 3} x1+x31 Constraint 4\} x2=x4{ Constraint 5 } xj={1,iflocationjisselected0,otherwise Solve this problem to optimality and answer the following questions: a. Which of the warehouse locations will/will not be selected

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!

Open the file from Chapter 3, "Locating Facilities Using a Distance-Based Approach," called MIP for 9-City Example.xls. Assume that the baseline had St. Louis serving itself, Chicago, and Cincinnati,...

solve soon 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...

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...

Need step-by-step solution via Excel Solver. From Chapter 7.2 (Using BIP for Project Selection) of Introduction to Management Science: A Modeling and Case Studies Approach with Spreadsheets (Fredrick...

Need step-by-step solution via Excel Solver. From Chapter 7 of Introduction to Manage Science: A Modeling and Case Studies Approach with Spreadsheets (Fredrick Hillier, 6th Edition.) Please open...

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...

irm 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 not...

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...

Write a descriptive paragraph on the given topic. TOPIC: The Earphones that you Used for Online Classes

What is a network diagram? What information does it convey and where does the analyst gather that information?

2 at 1 1 : 3 3 am istructions Question 1 0 . 5 pts Koch exchanges business equipment with an adjusted basis of $ 4 0 , 0 0 0 for business equipment with a fair market value of $ 6 5 , 0 0 0 . If the...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...