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capital budgeting example

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

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The condition "If project 1 is chosen, project 5 must not be chosen" can be written in the following way:

x1 + x5 <= 1

[the symbol '<=' means less ...

Solution Summary

Write the appropriate constraint for the following condition. If project 1 is chosen, project 5 must not be chosen.

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