(a) Winsor Co has five potential projects to choose from for the next 2-year period. The yearly expenditures in millions dollars ($M) and returns (SM) for each project are tabulated in Table Q4(a) below. Project A B C Ꭰ E Year 1 (SM) 35 18 35 22 20 Year 2 (SM) 41 20 32 23 18 Return (SM) 150 100 140 86 75 Table Q4(a) The available funds for the first and second years are $120M and $140M, respectively. The company can take on a maximum of 4 projects. In order to maintain the existing workforce, it must engage in a minimum of 2 projects. The company has to decide which projects should be executed over the 2-year period. Formulate the linear optimization problem above as a 0-1 variable model where the objective is to maximize the profit. Determine the constraints involved.
(a) Winsor Co has five potential projects to choose from for the next 2-year period. The yearly expenditures in millions dollars ($M) and returns (SM) for each project are tabulated in Table Q4(a) below. Project A B C Ꭰ E Year 1 (SM) 35 18 35 22 20 Year 2 (SM) 41 20 32 23 18 Return (SM) 150 100 140 86 75 Table Q4(a) The available funds for the first and second years are $120M and $140M, respectively. The company can take on a maximum of 4 projects. In order to maintain the existing workforce, it must engage in a minimum of 2 projects. The company has to decide which projects should be executed over the 2-year period. Formulate the linear optimization problem above as a 0-1 variable model where the objective is to maximize the profit. Determine the constraints involved.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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