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
Deliverable: Word Document
