Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 22

All of the following are correct when a capital budgeting problem is solved using the 0-1 integer linear programming model except:
a) Partial investment in a project is acceptable.
b) The objective is to maximize the present worth of the investments.
c) Budget constraints may be present for the first year only or for several years.
d) Contingent and dependent project restrictions may be considered.