Formulate but do not solve the following exercise as a linear programming problem. A financier plans to invest up to $600,000 in two projects. Project A yields a return of 9% on the investment of x dollars, whereas Project B yields a return of 14% on the investment of y dollars. Because the investment in Project B is riskier than the investment in Project A, the financier has decided that the investment in Project B should not exceed 35% of the total investment. How much should she invest in each project to maximize the return on her investment P in dollars?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Formulate but do not solve the following exercise as a linear programming problem.

A financier plans to invest up to $600,000 in two projects. Project A yields a return of 9% on the investment of x dollars, whereas Project B yields a return of 14% on the investment of y dollars. Because the investment in Project B is riskier than the investment in Project A, the financier has decided that the investment in Project B should not exceed 35% of the total investment. How much should she invest in each project to maximize the return on her investment P in dollars?

Maximize      P  = 
 
 
 
     subject to the constraints
amount available for investment      
 
 
 
allocation of funds      
 
 
 
        x ≥ 0
        y ≥ 0
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