Solved

An Investor Has $500,000 to Invest and Wants to Maximize

Question 58

Essay

An investor has $500,000 to invest and wants to maximize the money they will receive at the end of one year.They can invest in condos,apartments and houses.The profit after one year,the cost and the number of units available are shown below.
Formulate the ILP for this problem.
 Profit Cost  Number  Variable  Investment $1,000)$1,000) Available X1 Condos 65010X2 Apartments 12905X3 Houses 91007\begin{array}{rrrrr}&&\text { Profit}&\text { Cost }&\text { Number }\\\text { Variable } & \text { Investment } & \$ 1,000) & \$ 1,000) & \text { Available } \\\hline \mathrm{X}_{1} & \text { Condos } & 6 & 50 & 10 \\\mathrm{X}_{2} & \text { Apartments } & 12 & 90 & 5 \\\mathrm{X}_{3} & \text { Houses } & 9 & 100 & 7\end{array}

Correct Answer:

verifed

Verified

MAX: 6 X1 + 12 X2 + 9 X3
...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents