Question: please do not just copy paste from another answer. And solve the model using LINGO. thanks 1. (20 marks) Cindy has $9000 to invest in

please do not just copy paste from another answer. And solve the model using LINGO. thanks
please do not just copy paste from another
1. (20 marks) Cindy has $9000 to invest in a portfolio. Her investment alternatives and their expected returns are: Investment 1 2 3 Description Expected Return RRSP (retirement) 4.1% Employer's retirement plan 6.2% Money Market Fund 5.7% She will put at least $1500 into each investment, and cannot invest more than $9000 in total. In addition, she has three goals which may be violated if need be. Goal 1 is for the expected annual return to be at least $550. Goal 2 is to invest no more than $4000 in the two retirement plans combined. Goal 3 is to invest in investment 3 at least twice as much as in investment 1. Goal 1 is five times as important as Goal 2, and Goal 2 is twice as important as Goal 3. (a) Write the algebraic model for this problem. (b) Solve the model using LINGO or the Excel Solver. (c) State the solution in words

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!