Question

With regard to Example 12.1: (a) solve this problem using MILP, with each generation project specified as a binary activity; (b) solve the problem using MILP, with the requirement that only one natural gas project can be selected, and at least two of the windfarm, biofuel and solar panel projects should be included.

   With regard to Example 12.1:
(a) solve this problem using MILP, with each generation project specified as a binary activity;
(b) solve the problem using MILP, with the requirement that only one natural gas project can be selected, and at least two of the windfarm, biofuel and solar panel projects should be included.

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Capital Budgeting: Financial Appraisal of Investment Projects

Capital Budgeting: Financial Appraisal of Investment Projects

Don Dayananda,… 1st Edition

Chapter 12, Problem 1

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Step 1

In this case, the decision variables will represent whether each generation project is selected or not. For part (a), each generation project will be specified as a binary activity, meaning it can be either selected (1) or not selected (0). For part (b), the Show more…

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With regard to Example 12.1: (a) solve this problem using MILP, with each generation project specified as a binary activity; (b) solve the problem using MILP, with the requirement that only one natural gas project can be selected, and at least two of the windfarm, biofuel and solar panel projects should be included.

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