The most votes in the upcoming election

Assignment Help Finance Basics
Reference no: EM13862833

 A congressman's district has recently been allocated $45 million for projects. The congressman has decided to allocate the money to four ongoing projects. However, the congressman wants to allocate the money in a way that will gain him the most votes in the upcoming election. The details of the four projects and votes per dollar for each project are given below.

Project              Votes/dollar

________________________

Parks                      0.07

Education               0.08

Roads                     0.09

Health Care            0.11

Family Welfare      0.08

In order to also satisfy some local influential citizens, he must meet the following guidelines.

- None of the projects can receive more than 30% of the total allocation.

- The amount allocated to education cannot exceed the amount allocated to health care.

- The amount allocated to roads must be equal to or more than the amount spent on parks.

- All of the money must be allocated.

Formulate a linear programming model for the above situation by determining

(a) The decision variables     

(b) Determine the objective function. What does it represent?

(c) Determine all the constraints. Briefly describe what each constraint represents.

Note: Do NOT solve the problem after formulating. 

Reference no: EM13862833

Understand the role of personal selling

Scenario – Enviro-Cars Ltd Jack & Thomas, in partnership, run successful electric-cars dealerships (Enviro-Cars Ltd) in England. They have a garage with a showroom and worksho

Anticipate using the materials covered

Describe what you achieved during this course. Then, share your greatest or most rewarding achievement during this course. Discuss the ways in which you anticipate using the m

Compute the free cash flows

You have been asked to find the value of BCD Limited and have been provided with the following data. Other data provided to you is that sales are expected to grow at a rate of

What is the beta of the company

The capital structure is 75% debt and 25% internal equity. Before tax cost of debt is 15% and tax rate is 20%. Risk free rate is 6% and market risk premium is 8%. What is th

What is the expected return and standard deviation

FINA 6214 International Financial Markets Assignment. What is the expected return and standard deviation of a portfolio with 90% in U.S. stocks and 10% in un-hedged Latin Ame

Explain your price mark-up in percentages and in dollars

Provide detail on the prices you will charge (be specific for each product/service you will sell). Provide detail on the costs for each of your products. Explain your price ma

Future of qualified plan influence

Discuss the importance of qualified plans and the economic and societal importance of these plans. Further, discuss how the decline of specific defined benefit plans has alter

What is the expected dividend in year 9

Ted's Tools expects to commence paying an annual dividend three years from now. The first dividend is expected to be $.75 per share with all dividends thereafter increasing

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd