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Solution: Consider a capital budgeting example with five projects from which to select. Let x i = 1 if project i is selected, 0 if not, for i = 1, … , 5.

Question: Consider a capital budgeting example with five projects from which to select. Let x i = 1 if project i is selected, 0 if not, for i = 1, … , 5. Write the appropriate constraint(s) for each condition. Conditions are independent. (Worth 3-points)

a. Choose no fewer than three projects.
b. If project 3 is chosen, project 4 must be chosen.
c. If project 1 is chosen, project 5 must not be chosen.
d. Projects cost 100, 200, 150, 75, and 300, respectively. The budget is 450.
e. No more than two of projects 1, 2, and 3 can be chosen.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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