A company wants to build a new factory in either Atlanta or Columbia. It is also considering building a warehouse in whichever city is selected for the new factory. The following table shows the net present value (NPV) and cost of each facility. The company wants to maximize the net present value of its facilities, but it only has $16 million to invest.
Based on this ILP formulation of the problem what is the optimal solution to the problem?
Definitions:
Performance Goals
Specific, measurable objectives set to evaluate the effectiveness of employees or company processes.
Incentive Plans
Programs designed by employers to motivate and reward employees for exceeding work performance goals.
Performance Standards
The established expectations, metrics, or benchmarks used to measure and assess an individual's or organization’s performance in specific areas.
Organizational Performance
The measurement of an organization's efficiency, effectiveness, and ability to meet its goals.
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