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Four proposals are being considered with investment and NPW shown below. C can only be considered if B is implemented. B and D and E are mutually exclusive. The budget is $80. A B C D E Investment $10 $20 $30 $40 $50 NPW $34 $28 $20 $16 $32 a) Formulate this as a 0-1 integer program (objective function and constraints). b) Use trial and error to find all feasible solutions, and indicate which is optimal. c) Set up this problem in Excel, and use Solver to find the same optimal solution

Four proposals are being considered with investment and NPW shown below. C can only be considered if B is implemented. B and D and E are mutually exclusive. The budget is $80. A B C D E Investment $10 $20 $30 $40 $50 NPW $34 $28 $20 $16 $32 a) Formulate this as a 0-1 integer program (objective function and constraints). b) Use trial and error to find all feasible solutions, and indicate which is optimal. c) Set up this problem in Excel, and use Solver to find the same optimal solution

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Four proposals are being considered with investment and NPW shown below. C can only be
considered if B is implemented. B and D and E are mutually exclusive. The budget is $80.
A B C D E
Investment $10 $20 $30 $40 $50
NPW $34 $28 $20 $16 $32
a) Formulate this as a 0-1 integer program (objective function and constraints).
b) Use trial and error to find all feasible solutions, and indicate which is optimal.
c) Set up this problem in Excel, and use Solver to find the same optimal solution

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Can you please send me an excel file for the solver you have used. My professor told there will be 9 combinations. Do we have all nine combinations?

Thank you.

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