Maximize Summer Investment Profit
Maximize Summer Investment Profit
Given that
there is no more, one can proceed to calculate row Z and C-Z. The values in row Z are ∑
(column elements) (C) Row Z elements
3.2-3Today is his lucky day. He just won a prize of $10,000. He will dedicate $4,000 to taxes and
diversions, but he has decided to invest the other $6000. Upon hearing this news, two different friends
they offer the opportunity to participate as a partner in two businesses, each business proposed by
each friend. In both cases, the investment means dedicating a little time next summer,
Just like to invest effectively. With the first friend, upon becoming a full partner, he would have to
Invest $5,000 and 400 hours, and the estimated profit (ignoring the value of time) would be $4,500.
The figures corresponding to the proposal of the second friend are $4,000 and 500 hours, with a
Estimated profit of $4,500. However, both friends are flexible and would allow him to join in.
the business with any fraction of society; the participation in the profits would be
proportional to that fraction. Anyway, this person is looking for a job.
interesting for the summer (at most 600 hours), has decided to participate in one or both.
proposals, with the combination that maximizes the estimated total profit. Formulate and solve the
problem.
company 1 company 2
Maximize
Solution:
It Ec Vb Z X1 X2 X3 X4 LD
0 Z 1 -4500 -4500 0 0 0
It Ec Vb Z X1 X2 X3 X4 LD
It Ec Vb Z X1 X2 X3 X4 LD
0 Z 1 0 0 0.5 5 6000
0.00055
2 1 X1 0 1 0 6 -0.00444 0.66666667
0.00555
2 X2 0 0 1 -0.00044 6 0.66666667