2) Model the following problem with integer programming. Breezy Airlines is considering the purchase of new long-, medium-, and short-range planes. The costs would be: $67M per long-range plane; $51M per medium-range plane; and $35M per short-range plane. The board of directors has authorized a maximum commitment of $1.4 billion for these purchases. The estimated net annual profit (including capital recovery costs) is $4.2M per long-range plane, $3M per medium-range plane, and $2.3M per short-range plane. Furthermore, they will be able to train enough pilots to crew 30 new airplanes (of any kind).

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
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2).
Model the following problem with integer programming. Breezy Airlines is considering
the purchase of new long-, medium-, and short-range planes. The costs would be: $67M per
long-range plane; $51M per medium-range plane; and $35M per short-range plane. The board
of directors has authorized a maximum commitment of $1.4 billion for these purchases. The
estimated net annual profit (including capital recovery costs) is $4.2M per long-range plane, $3M
per medium-range plane, and $2.3M per short-range plane. Furthermore, they will be able to train
enough pilots to crew 30 new airplanes (of any kind).
Transcribed Image Text:2). Model the following problem with integer programming. Breezy Airlines is considering the purchase of new long-, medium-, and short-range planes. The costs would be: $67M per long-range plane; $51M per medium-range plane; and $35M per short-range plane. The board of directors has authorized a maximum commitment of $1.4 billion for these purchases. The estimated net annual profit (including capital recovery costs) is $4.2M per long-range plane, $3M per medium-range plane, and $2.3M per short-range plane. Furthermore, they will be able to train enough pilots to crew 30 new airplanes (of any kind).
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