An investment company owns five companies that have the following estimated returns (in mi


Question: (11 pts) An investment company owns five companies that have the following estimated returns (in millions of dollars) if sold in 1 of the next 3 years:

Year sold
(estimated return, $1,000,000s)
Company 1 2 3
1 $15 19 $25
2 11 12 17
3 16 22 26
4 18 23 25
5 14 17 23
6 23 24 29

The company must sell at least $25 million worth of assets in year 1, $30 million in year 2 and $35 million in year 3. They desire a plan for selling the five companies during the next 3 years to maximize return (determine which year to sell each company). Formulate an integer programming model (decision variables: 0 if not sold, 1 if sold) for this problem and solve it using the computer.

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

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