Question
An investor has $1,200,000 to invest and wants to maximize the money they will receive at the end of one year. They can invest in
An investor has $1,200,000 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.
Variable | Investment | Profit ($1,000) | Cost ($1,000) | Number Available |
X1 | Condos | 6 | 50 | 30 |
X2 | Apartments | 12 | 90 | 16 |
X3 | Houses | 9 | 100 | 12 |
The mathematical formulation of this ILP problem is given below:
MAX:6 X1 + 12 X2 + 9 X3
Subject to:
50X1 + 90 X2 + 100 X3 1200
X1 30
X2 16
X3 12
Xi 0 and integer
Use Solver to find the optimal solution of this ILP problem
(X1, X2, X3)=(1, 5, 0)
(X1, X2, X3)=(3, 6, 0)
(X1, X2, X3)=(8, 0, 0)
(X1, X2, X3)=(2, 12, 0)
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