A developer which builds tracts of homes has a choice of five large…

A developer which builds tracts of homes has a choice of five large…

A developer which builds tracts of homes has a choice of five large

parcels of land that are for sale in different parts of the county. The parcels are of different sizes, topography, cost, and desirability to potential home buyers. In addition, the costs to bring in water, gas, and sewerage are different. Minimum lot sizes differ among the tracts as well, influencing the price of homes that can be sold. Because of equipment limitations, the builder doesn’t feel capable of building on more than two tracts at once. Furthermore, since crews will be shuttling back and forth between the sites, the builder wants the two tracts to be no further apart from 4.5 miles from each other. The builder can handle a total of $7.5 million of upfront costs. These up-front costs are the sum of tract purchase costs, utility and road costs, and the costs of building the homes. The data is given in the following tables. Formulate the problem such that the profit for the developer is maximized. Just formulate do not need to solve. Charts are given in the attached file. Thanks

Don't use plagiarized sources. Get Your Custom Essay on
Need an answer from similar question? You have just landed to the most confidential, trustful essay writing service to order the paper from.
Just from $13/Page
Order Now