One alternate optimal solution employ 10 full time

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ls”.) 21 Alternate Optimal Solution – In practice, the sequence in which constraints are input into the software may affect the resulting solution produced. – One alternate optimal solution: Employ 10 full-time tellers, and • 6 part-time tellers at 9 A.M. • 1 part-time teller at 10 A.M. • 2 part-time teller at 11 A.M. • 5 part-time tellers at noon. at the same total cost of $1448. 22 Financial Applications Portfolio Selection International City Trust (ICT) invests in shortterm trade credits, corporate bonds, gold stocks, and construction loans. ICT has $5 million available for immediate investment and wishes to achieve the following: (1) maximize interest earned on investments made over the next six months and 23 Portfolio Specification International City Trust Investment Possibilities: Trade credit 7 1.0 Corporate bonds 11 2.5 Gold stock 19 1.5 Construction loans 15 1.8 • Board specifies at least 55% of funds invested must be in gold stocks and construction loans. • No less than 15% be invested in trade 24 Investment Formulation International City Trust Decision Variables: X1 = dollars invested in trade credit X2 = dollars invested in corporate bonds X3 = dollars invested in go...
View Full Document

Ask a homework question - tutors are online