Allocated to home loans-personal loans and automobile loans

Assignment Help Operation Management
Reference no: EM131738487

Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans. The annual rates of return for the three types of loans are 7% for home loans, 12% for personal loans, and 9% for automobile loans. The bank’s planning committee has decided that at least 40% of the new funds must be allocated to home loans. In addition, the planning committee has specified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans.

a) Formulate a linear programming model that can be used to determine the amount of funds ASB should allocate to each type of lean in order to maximize the total annual return for the new funds.

Reference no: EM131738487

Questions Cloud

Market their products to their target customers : How might an innovation company like Tesla use the persuasive tool of scarcity to help market their products to their target customers?
We shall be earning and discussing job analysis : We'll be learning and discussing job analysis. If you have seen those documents, do they accurately reflect what you do (did) on the job?
Reduce the impact of such technology failure risks : Describe a strategy an organization can use to help reduce the impact of such technology failure risks.
Serious health condition under family medical leave act : Is autism a serious health condition under family medical leave act? What is the definition of serious health condition under Americans with disabilities act?
Allocated to home loans-personal loans and automobile loans : Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans.
Estimate providing the best accuracy for total project cost : Which of the following statements are true about cost estimating. the estimate providing the best accuracy for total project cost come from.
Grand piano was damaged en route to the auditorium : provider who rents equipment and musical instruments complaining that a grand piano was damaged en route to the auditorium.
Describe the process of planned obsolescence : Describe the process of planned obsolescence. Why would a company intentionally build this into their product adoption process?
Negotiable instrument must be issued to be legally effective : A negotiable instrument must be issued to be legally effective and it must be delivered before it is deemed to be issued.

Reviews

Write a Review

Operation Management Questions & Answers

  When michigan man was arrested for soliciting prostitute

When a Michigan man was arrested for soliciting a prostitute, the car he was driving was confiscated by the police in accordance with a local ordinance. His wife, who was co-owner of the vehicle, look the matter to court, claiming that the government..

  Internal environmental scan-organizational assessment

This section provides the opportunity to develop your course project. Conducting an internal environmental scan or organizational assessment, provides the ability to put the strategy audit together.

  Registered as required under the securities act

While investigating the shares offered to you by your potential boss, you discover that the company you are considering working for is not registered as required under the Securities Act of 1933. How does this influence you as a potential employee an..

  Medicine begins her day with patients needing urgent care

A practitioner of family medicine begins her day with five patients needing urgent care. She does a very brief assessment of what each patient appears to need and estimates the time required of each. None of the cases is life-threatening, and so she ..

  Consider the one ad ethical and the other ad unethical

Explain why you consider the one ad ethical and the other ad unethical. Defend your answer with a detailed evaluation using clear and insightful critical thinking. What are the elements of an ethical framework that were used in the advertising you se..

  Organizations that implement performance management systems

Organizations that implement performance management systems that include team performance must redesign their rewards to reward this type of performance.

  Analyze link well-designed performance appraisals

Analyze the link between well-designed performance appraisals and merit pay and make at least two (2) recommendations for improving the strength of that link across the greatest number or organizations. Provide your rationale.

  How health care charging and pricing processes

How health care charging and pricing processes are different from those in other industries. How private and government insurers and payers impact actual reimbursement.

  Melanie is working on a report and has reached phase

Melanie is working on a report and has reached Phase 2 of the 3-x-3 writing process. What should she do first in this second phase?

  To enhance a workers expectancy

To enhance a worker's expectancy, a manager could: Pam is attempting to reduce her inequity at work by attending night school for further job training.

  Economic and ethical considerations of the aca

Provide a financial rationale for following the current U.S. health care policies. Discuss your position in which you highlight, at a minimum, economic and ethical considerations of the ACA as it has been implemented from 2010 to present day.

  What is difference between job design and job analysis

What is the difference between job design and job analysis? Why is it important for a manager to understand both concepts?

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