An Investor Has $500,000 to Invest and Wants to Maximize

question 31

Essay

An investor has $500,000 to invest and wants to maximize the money they will receive at the end of one year. They can invest in condos, apartments and houses. The profit after one year, the cost and the number of units available are shown below.
Formulate the ILP for this problem.
$\begin{array}{clccc}&& \text { Profit } & \text { Cost } & \text { Number}\\\text { Variable } & \text { Investment } & (\$ 1,000) & (\$ 1,000) & \text { Available } \\\hline \mathrm{X}_{1} & \text { Condos } & 6 & 50 & 10 \\\mathrm{X}_{2} & \text { Apartments } & 12 & 90 & 5 \\\mathrm{X}_{3} & \text { Houses } & 9 & 100 & 7\end{array}$

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Definitions:

Oximeters

Devices used to measure the oxygen saturation of the blood, typically non-invasively by attaching a sensor to a part of the body like a fingertip.

Incompatible Wiring

A situation where electrical wires or systems do not match or cannot be connected safely, potentially leading to malfunction or hazard.

Administration of Oxygen

The process of providing supplemental oxygen to individuals who are unable to obtain sufficient oxygen through natural breathing, often used in medical emergencies and treatments.

Infant

A very young child or baby, typically under one year of age.