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[See Steps] Globex Investment Capital Corporation owns six companies that have the following estimated returns (in millions of dollars) if sold in one of

Question: Globex Investment Capital Corporation owns six companies that have the following estimated returns (in millions of dollars) if sold in one of the next 3 years:

Company Year Sold
(estimated returns, $1,000,000s)
1 2 3
1 $14 $18 $23
2 9 11 15
3 18 23 27
4 16 21 25
5 12 16 22
6 21 23 28

To generate operating funds, the company must sell at least $20 million worth of assets in year 1, $25 million in year 2, and $35 million in year 3. Globex wants to develop a plan for selling these companies during the next 3 years to maximize return.

Formulate an integer programming model for this problem and solve it by using the computer.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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