GNP is developing an Auto Insurance Policy and seeks to determine the optimal combination of Insurance to
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GNP is developing an Auto Insurance Policy and seeks to determine the optimal combination of Insurance to Sell by type of car. The total value that you can invest is 2,500 million pesos, that is, it is the total risk that you can assume to be able to pay the policies, and seeks to maximize its utilization. According to probability and statistical analysis, the following market information is available:
Define the Model Variables.Define the objective function of the Model.Define the Model constraints.Determine the amount of Optima Insurance by type of optimal car to sell to maximize profit.
Related Book For
Managerial Decision Modeling with Spreadsheets
ISBN: 978-0136115830
3rd edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
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