MBA program recently.
Damla has graduated from an MBA
several alternatives. With the help her mathematical modelling ideas, she want to invest her money in
several financial alternatives. She may invest her money on hand in bonds and loans. Each dollar
invested in bonds yields $0.18 profit, and each dollar invested in a loan yields $0.13 profit. At least
32% of all money invested must be in bonds, and at least $380 must be in loans.
a) Formulate an LP that can be used to maximize total profit earned from Damla’s investment.
b) Solve the problem in IBM ILOG CPLEX Optimization Studio and submit your optimal solution.
c) Solve the problem graphically. Verify your solution with the optimal solution that you have found
in part (b)
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