Jim is trying to solve a problem where point A should be within the radius of 15cms from the points B, C, D, E and F. The decision variables are defined as below.
X = horizontal coordinate of point A
Y = vertical coordinate of point A
The data on the distances is given below:
Formulate a model to find the optimal location of the point A.
Definitions:
Tax Shelter
An investment vehicle that allows individuals or businesses to reduce or avoid taxes, legally through various deductions and credits.
Time Horizons
Time horizons refer to the length of time over which an investment or financial instrument is expected to be held or a financial goal to be achieved.
Defined Contribution Pension Plan
A retirement plan where employee benefits are based on the amount of money contributed and the performance of the investment options chosen.
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