Question
Below is the question related to Statistic and Optimization subject from Chapter Linear and Dynamic Programming. Question: You are asked for an advice on how
Below is the question related to Statistic and Optimization subject from Chapter Linear and Dynamic Programming.
Question: You are asked for an advice on how to best utilize a large urban area in an expanding town.A mixed project of housing, retail, office and hotel areas is envisaged.The rental income is a function of the floor areas allocated to each activity. The total floor area is limited to 6 units.The goal is to find the mix of development which will maximize the profit.The expected annual profit for areas of 0-6 units allocated to each development type is summarized below.
Area Housing Retail Office Hotel
0 0 0 0 0
1 2000 6000 1000 8000
2 4000 9000 1000 12000
3 7000 10000 3000 22000
4 8000 12000 2000 18000
5 11000 13000 17000 14000
6 14000 14000 14000 12000
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