Question: J. R. Carrington has $4 million to invest in 3 oil well sites. The revenue earned from each site depends on the amount invested in the individual site. See the table below for the investment/revenue matrix.
|
Amount Invested ($ millions)
|
Revenue ($ millions)
|
|
Site 1
|
Site 2
|
Site 3
|
|
0
|
4
|
3
|
3
|
|
1
|
7
|
6
|
7
|
|
2
|
8
|
10
|
8
|
|
3
|
9
|
12
|
13
|
|
4
|
11
|
14
|
15
|
Assume that the amount invested must be an exact multiple of $ 1 million, and determine by dynamic programming to determine the investment policy that will maximize the revenue J. R. will earn from the three wells.