Investment manager Max Gaines wishes to develop a mutual fund portfolio based on the Markowitz portfolio model. He needs to determine the proportion of the portfolio to invest in each of the five mutual funds listed below so that the variance of the portfolio is minimized subject to the constraint that the expected return of the portfolio be at least 4%. Formulate the appropriate nonlinear program.
Definitions:
RFID (Radio-Frequency Identification)
A technology that uses radio waves to identify and track objects, animals, or people automatically.
NFC (Near Field Communication)
A set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within close proximity.
VR (Virtual Reality)
A simulated experience that can be similar to or completely different from the real world, often using specialized equipment like headsets for immersive interaction.
Cruising Experience
The overall enjoyment and satisfaction a person gains from traveling on a cruise ship, which may include amenities, destinations, and onboard activities.
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