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Chris Corry has a company - sponsored retirement plan at a major brokerage firm. He has the following funds available: Fund Risk Type Return 1
Chris Corry has a companysponsored retirement plan at a major brokerage firm. He has the following funds available:
Fund
Risk
Type
Return
High
Stock
High
Stock
High
Stock
High
Stock
High
Stock
High
Blend
Medium
Blend
Medium
Blend
Medium
Blend
Medium
Blend
Medium
Blend
Low
Blend
Low
Blend
Low
Bond
Low
Bond
Low
Bond
Low
Bond
His financial advisor has suggested that at most of the portfolio should be composed of highrisk funds. At least should be invested in bond funds, and at most can be invested in any single fund. At least six funds should be selected, and if a fund is selected, it should be funded with at least of the total contribution.
Develop and solve an integer optimization model to determine which funds should be selected and what percentage of his total investment should be allocated to each fund.
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