Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
expand_more
expand_more
format_list_bulleted
Question
Formulate but do not solve the following exercise as a linear programming problem.
A financier plans to invest up to $400,000 in two projects. Project A yields a return of 10% on the investment of x dollars, whereas Project B yields a return of 13% on the investment of y dollars. Because the investment in Project B is riskier than the investment in Project A, the financier has decided that the investment in Project B should not exceed 40% of the total investment. How much should she invest in each project to maximize the return on her investment P in dollars?
MaximizeP=
subject to the constraints ?
amount available for investment?
allocation of funds?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 3 steps with 3 images
Knowledge Booster
Similar questions
- Solve the following linear programming problem. You are taking two dietary supplements daily: Supplement A and Supplement B. An ounce of supplement A contains 9 units of calcium, 8 units of vitamin D, and 5 units of sodium. An ounce of supplement B contains 2 units of calcium, 4 units of vitamin D, and 3 units of sodium. Your goal is to get at least 90 units of calcium and at least 120 units of vitamin D from the supplements daily, while at the same time reducing the amount of sodium that you will get. How many ounces of each supplement should you take daily to reach your goals? Ounces of Supplement A = Blank 1. Fill in the blank, read surrounding text. Ounces of Supplement B = Blank 2. Fill in the blank, read surrounding text. How many units of sodium will you get daily under these circumstances? Units of Sodium = Blank 3. Fill in the blank, read surrounding text.arrow_forwardFormulate but do not solve the following exercise as a linear programming problem.. TMA manufactures 37-in. high-definition LCD televisions in two separate locations: Location I and Location II. The output at Location I is at most 5500 televisions/month, whereas the output at Location II is at most 4700 televisions/month. TMA is the main supplier of televisions to Pulsar Corporation, its holding company, which has priority in having all its requirements met. In a certain month, Pulsar placed orders for 2600 and 3700 televisions to be shipped to two of its factories located in City A and City B, respectively. The shipping costs (in dollars) per television from the two TMA plants to the two Pulsar factories are as follows. From TMA Location I Location II Minimize TMA will ship x televisions from Location I to City A and y televisions from Location I to City B. Find a shipping schedule that meets the requirements of both companies while keeping costs, C (in dollars), to a minimum.…arrow_forwardSandra has at most $200,000 to invest in stocks, bonds, and money market funds. She expects annual yields of 15%, 10%, and 8%, respectively, on these investments. If Sandra wants at least $50,000 to be invested in money market funds and requires that the amount invested in bonds be greater than or equal to the sum of her investments in stocks and money market funds, determine how much she should invest in each vehicle to maximize the return on her investments. stocks $ bonds $ money market funds $ What is the maximum return?$_______ plz help im lost and have one chancearrow_forward
- Formulate but do not solve the following exercise as a linear programming problem.A company manufactures x units of Product A and y units of Product B, on two machines, I and II. It has been determined that the company will realize a profit of $3 on each unit of Product A and $5 on each unit of Product B. To manufacture a unit of Product A requires 5 min on Machine I and 5 min on Machine II. To manufacture a unit of Product B requires 9 min on Machine I and 5 min on Machine II. There are 269 min available on Machine I and 205 min available on Machine II in each work shift. How many units of a product should be produced in each shift to maximize the company's profit P in dollars? Maximize P = subject to the constraints Machine I Machine II x ≥ 0 y ≥ 0arrow_forwardJust make the linear programming model of the next exercise: A company manufactures and sells two lamp models L1 and L2. For its manufacture, a manual work of 30 minutes is needed for the L1 model and 45 minutes for the L2, and a machine work of 25 minutes for L1 and 15 minutes for L2. 150 hours per month are available for manual work and 120 hours per month for the machine. Knowing that profit per unit is $150 and $100 for L1 and L2 respectively, plan production to maximize profit. Please be as clear as possible and show all the steps. Thank you very mucharrow_forwardFormulate but do not solve the following exercise as a linear programming problem.A division of the Winston Furniture Company manufactures x dining tables and y chairs. Each table requires 40 board feet of wood and 2 labor-hours. Each chair requires 16 board feet of wood and 5 labor-hours. In a certain week, the company has 2800 board feet of wood available and 500 labor-hours.If the profit for each table is $50 and the profit for each chair is $18, how many tables and chairs should Winston manufacture to maximize its profits P in dollars? Maximize P = subject to the constraints board feet labor-hours x ≥ 0 y ≥ 0arrow_forward
- A farmer in the magical land of Avalon is raising a unicorn to sell to a band of Jewel Riders. The market price for unicorn is $12 per pound, but is falling 10 cents per day. The rapidly growing unicorn is currently weighing 400 pounds and is expected to gain 5 pounds per day for the next two to three weeks. The costs to raise a typical unicorn are $5 per day plus $100 for a special unicorn harness and feedbag. What is the optimal time to sell the unicorn to the Jewel Riders? I need to use the Five Step Method for mathematical modeling. Ask the Question. The Question must be phrased mathematically and object must be stated in precise mathematical terms. List all variables and assumptions you are making about them. Do not confuse variables with constants in the problem. Check units for consistency. Select a modeling approach. This could be optimization in one or more variables, linear programming, or many other approaches available in the field of math. Formulate the model. Restate…arrow_forwardFormulate but do not solve the following exercise as a linear programming problem.TMA manufactures 37-in. high-definition LCD televisions in two separate locations: Location I and Location II. The output at Location I is at most 6500 televisions/month, whereas the output at Location II is at most 5300 televisions/month. TMA is the main supplier of televisions to Pulsar Corporation, its holding company, which has priority in having all its requirements met. In a certain month, Pulsar placed orders for 3000 and 3600 televisions to be shipped to two of its factories located in City A and City B, respectively. The shipping costs (in dollars) per television from the two TMA plants to the two Pulsar factories are as follows. To Pulsar Factories From TMA City A City B Location I $6 $4 Location II $8 $7 TMA will ship x televisions from Location I to City A and y televisions from Location I to City B. Find a shipping schedule that meets the requirements of both…arrow_forwardA farmer in the magical land of Avalon is raising a unicorn to sell to a band of Jewel Riders. The market price for unicorn is $12 per pound, but is falling 10 cents per day. The rapidly growing unicorn is currently weighing 400 pounds and is expected to gain 5 pounds per day for the next two to three weeks. The costs to raise a typical unicorn are $5 per day plus $100 for a special unicorn harness and feedbag. What is the optimal time to sell the unicorn to the Jewel Riders? P(x)= -.5x2+15x+4700 P'(x)= -x+15 p"(x)= -1 < 0 SENSITIVITY ANALYSIS: (This is the part I am a bit uncertain about. The questions below.) Any help is much appreciated. 1. Preform a sensitivity analysis of the optimal time to sell versus the variable cost to raise a unicorn (harness still $100). 2. So if the actual variable cost was $4.00 per day instead of $5.00 (20% decrease), what would you estimate for the best time to sell based on your sensitivity results? 3. Finally, substitute $4.00 for the variable…arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Advanced Engineering MathematicsAdvanced MathISBN:9780470458365Author:Erwin KreyszigPublisher:Wiley, John & Sons, IncorporatedNumerical Methods for EngineersAdvanced MathISBN:9780073397924Author:Steven C. Chapra Dr., Raymond P. CanalePublisher:McGraw-Hill EducationIntroductory Mathematics for Engineering Applicat...Advanced MathISBN:9781118141809Author:Nathan KlingbeilPublisher:WILEY
- Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
Advanced Engineering Mathematics
Advanced Math
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:9780073397924
Author:Steven C. Chapra Dr., Raymond P. Canale
Publisher:McGraw-Hill Education
Introductory Mathematics for Engineering Applicat...
Advanced Math
ISBN:9781118141809
Author:Nathan Klingbeil
Publisher:WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,