Consider a Capital Budgeting Example with Five Projects from Which

question 54

Short Answer

Consider a capital budgeting example with five projects from which to select. Let x1 = 1 if project a is selected, 0 if not, for a = 1, 2, 3, 4, 5. Projects cost $100, $200, $150, $75, and $300, respectively. The budget is $450.
-Write the appropriate constraint for the following condition: If project 3 is chosen, project 4 must be chosen.

---

Definitions:

Internal Sense

The intuitive or inherent perception or feeling one has of their own emotions and body functions.

Personality

The mix of traits or attributes that create a person's unique personality.

Hierarchy of Needs

A theory proposed by Abraham Maslow outlining a sequence of human needs from basic physiological requirements to self-actualization.

Reality Principle

The psychological concept that represents the ability of the mind to assess the external world and act upon it accordingly, as opposed to acting on the pleasure principle.