Lauren Moore has sold her business for $300,000 and wants to invest in condominium units (which she intends to rent) and

[answerhappygod]

Lauren Moore Has Sold Her Business For 300 000 And Wants To Invest In Condominium Units Which She Intends To Rent And 1 (51.65 KiB) Viewed 41 times

Lauren Moore has sold her business for $300,000 and wants to invest in condominium units (which she intends to rent) and land (which she will lease to a farmer). She estimates that she will receive an annual return of $6,000 for each condominium and $4,000 for each acre of land. A condominium unit costs $70,000, and land costs $30,000 per acre. A condominium will cost her $1,000 per unit, an acre of land will cost $2,000 for maintenance and upkeep, and $14,000 has been budgeted for these annual expenses. Lauren wants to know how much to invest in condominiums and land to maximize her annual return. Formulate an Integer Programming model. Write down the decision variables' definitions, objective function, and constraints.