Determine the minimum-cost exploration scheme

Reference no: EM131162790

As the leader of an oil-exploration drilling venture, you must determine the least-cost selection of 5 out of 10 possible sites. Label the sites S₁, S₂, . . . , S₁₀, and the exploration costs associated with each as C₁,C₂, . . . ,C₁₀.

Regional development restrictions are such that:

i) Evaluating sites S₁ and S₇ will prevent you from exploring site S₈.

ii) Evaluating site S₃ or S₄ prevents you from assessing site S₅.

iii) Of the group S₅, S₆, S₇, S₈, only two sites may be assessed.

Formulate an integer program to determine the minimum-cost exploration scheme that satisfies these restrictions.

Reference no: EM131162790

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