Problem: Globex Investment Capital Corporation owns six companies that have the following estimated returns (in millions of dollars) if sold in 1 of the next 3 years:
|
|
Year Sold (estimated return, S1,000,000s)
|
|
Company
|
1
|
2
|
3
|
|
1
|
$14
|
$18
|
$23
|
|
2
|
9
|
11
|
15
|
|
3
|
18
|
23
|
27
|
|
4
|
16
|
21
|
25
|
|
5
|
12
|
16
|
22
|
|
6
|
21
|
23
|
28
|
To generate operating funds, the company must sell at least $20 million worth of assets in year 1, $25 million in year 2, and $35 million in year 3. Globex wants to develop a plan for selling these companies during the next 3 years to maximize return.
Formulate a binary programming model for this problem and solve it by using the computer.