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Anonymous

I have attached a similar question for the quiz and the quiz has to be answered similar to it.

Objective
maximize the net present value of the undertaken projects.
Decision Variables
x1 = 1, if we undertake the converter project, and 0 other
x2 = 1, if we undertake the software project, and 0 otherw
x3 = 1, if we undertake the warehouse expansion project,
Mathematical Model
Max 25000x1 + 18000x2 + 32000x3 (maximize the net pre
subject to
8000x1 + 6000x2 + 12000x3 <= 20000 (year 1 budget)
7000x1 + 4000x2 + 8000x3 <= 16000 (year 2 budget)
x1,x2,x3 = 0 or 1
x1,x2,x3 binary
Parameters
Capital Req. Year
Capital Req. Year
Net Present Value
Variables
Objective Functio
57000
Constraints
Year 1
Year 2
Parameters
Capital Req. Year 1
Capital Req. Year 2
Net Present Value
x1
8000
7000
25000
x2
6000
4000
18000
Variables
x1
1
x2
0
LHS
20000
15000
RHS
20000
16000
Objective Function
57000
Constraints
Year 1
Year 2
x3
12000
8000
32000
x3
1
<=
<=
Available Funds
20000
16000
...

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