NYC Development condo conversion project
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New York City Development Corporation purchased a small hotel for conversion to condominium apartments.
Looking for a brief write-up on how a decision support system model could be applied to solve the attached problem. Not looking for a mathmatical solution.
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Solution Summary
The expert examines the New York City development of a condo conversion project.
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Answer:
The situation described is to maximize total profits that can be generated by the sale of condominiums. Also, while maximizing profits there need to be considerations to ensure that constraints and business requirements are completely met.
Situations like these are solved in the real world using linear programming approach. Three main components of Linear programming problems ...
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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