§At the beginning of month 1. Finco has $400 in cash. At the beginning of months 1, 2, 3, and 4, Finco receives certain revenues, after which it pays bills (see Table 78) Any money left over may be invested for one month at the interest rate of 0.1% per month; for two months at 0.5% per month; for three months at 1% per month, or for four months at 2% per month. Use linear programming to determine an investment strategy that maximizes cash on hand at the beginning of month 5.
table 78
Month | Revenues ($) | Bills ($) |
1 | 400 | 600 |
2 | 800 | 500 |
3 | 300 | 500 |
4 | 300 | 250 |
§Based on Rohichek, Teichroew, and Jones (1965).
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