Examlex

Solved

Table 10-3 a Company Has Decided to Use 0−1 Integer Programming to Programming

question 29

Multiple Choice

Table 10-3
A company has decided to use 0−1 integer programming to help make some investment decisions.There are three possible investment alternatives from which to choose,but if it is decided that a particular alternative is to be selected,the entire cost of that alternative will be incurred (i.e. ,it is impossible to build one-half of a factory) .The integer programming model is as follows:
Maximize 5000 X1 + 7000X2 + 9000X3
Subject to: X1 + X2 + X3 ≤ 2 Constraint 1
-X1 + X2 ≤ 0 Constraint 2
25,000 X1 + 32,000 X2 + 29,000 X3 ≤ 62,000 (budget limit)
16 X1 + 14 X2 + 19 X3 ≤ 36 (resource limitation)
all variables = 0 or 1
where X1 = 1 if alternative 1 is selected,0 otherwise
X2 = 1 if alternative 2 is selected,0 otherwise
X3 = 1 if alternative 3 is selected,0 otherwise
Solution x1 = 1,x2 = 0,x3 = 1,objective value = 14,000.
-Table 10-3 presents an integer programming problem.What is the meaning of Constraint 2?


Definitions:

Organizational Effectiveness

Refers to how efficiently and effectively an organization achieves its goals and meets its stakeholders' needs.

Downsizing

The process of reducing the number of employees within a company, often to cut costs or improve efficiency.

Downsizing

The reduction of an organization's workforce to improve its efficiency or to cut costs, often involving layoffs.

Social Networks

Platforms and communities where individuals interact, share, and engage with content and each other online, but also a concept in sociology referring to the structure of relationships and connections among individuals or organizations.

Related Questions