Consider a capital budgeting problem with seven projects represented by binary (0 or 1) variables X1, X2, X3, X4, X5, X6, X7.Write a constraint modeling the situation in which only 2 of the projects from 1, 2, 3, and 4 must be selected.Write a constraint modeling the situation in which at least 2 of the project from 1, 3, 4, and 7 must be selected.Write a constraint modeling the situation project 3 or 6 must be selected, but not both.Write a constraint modeling the situation in which at most 4 projects from the 7 can be selected.

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Answered: Consider a capital budgeting problem…

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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Consider a capital budgeting problem with seven projects represented by binary (0 or 1) variables X₁, X₂, X₃, X₄, X₅, X₆, X₇.

Write a constraint modeling the situation in which only 2 of the projects from 1, 2, 3, and 4 must be selected.
Write a constraint modeling the situation in which at least 2 of the project from 1, 3, 4, and 7 must be selected.
Write a constraint modeling the situation project 3 or 6 must be selected, but not both.
Write a constraint modeling the situation in which at most 4 projects from the 7 can be selected.

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