Smalltime Investments Inc

question 74

Essay

Smalltime Investments Inc.is going to purchase new computers for most of the employees.There are ten employees, and at least eight computers must be purchased.The cost of the basic personal computer with monitor and disk drive is $2,000, while the deluxe version with VGA and advanced processor is $3,500.Due to internal politics, the number of deluxe computers must be no more than half the number of regular computers, but at least three deluxe computers must be purchased.The budget is $27,000.Formulate this as an integer programming problem to maximize the number of computers purchased.

---

Definitions:

Actuarial Information

Data related to evaluating risks and determining rates or premiums in the insurance and finance industries, based on statistical analyses.

Conversion Privilege

A feature of certain securities that allows the holder to convert them into a different type of security, typically shares of the issuing company's stock.

Market Value Method

An accounting approach that values and records assets and liabilities based on their current market prices.