Answered step by step
Verified Expert Solution
Question
1 Approved Answer
billy has requested his broker invest 400k into the list of investment vehicles listed here with their respective return rates. however he has some specific
billy has requested his broker invest 400k into the list of investment vehicles listed here with their respective return rates. however he has some specific instructions that he would like to have them follow. His goal is to maximize his ROI given these requiements.
return rates
x1= 2.5% electornics
x2= 5.7% electronics
x3= 3.7% waterways
x4=7.7% green house gasses
x5= 12.8% pharmaceuticals
In formulating the equations in a linear programming problem billy has requested that at least 20% of the investments should be placed in a combo of pharmaceuticals and waterways
which is the best way to write this constraint?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started