A sales representative lives in Bloomington and must bein Indianapolis next Thursday. On each of the days Monday,Tuesday, and Wednesday, he can sell his wares in Indianapolis,Bloomington, or Chicago. From past experience, he believesthat he can earn $12 from spending a day in Indianapolis, $16from spending a day in Bloomington, and $17 from spendinga day in Chicago. Where should he spend the first three daysand nights of the week to maximize his sales income lesstravel costs? Travel costs are shown in Table 2. To From Indianapolis Bloomington ChicagoIndianapolis — 5 2Bloomington 5 — 7Chicago 2 7 —
A sales representative lives in Bloomington and must bein Indianapolis next Thursday. On each of the days Monday,Tuesday, and Wednesday, he can sell his wares in Indianapolis,Bloomington, or Chicago. From past experience, he believesthat he can earn $12 from spending a day in Indianapolis, $16from spending a day in Bloomington, and $17 from spendinga day in Chicago. Where should he spend the first three daysand nights of the week to maximize his sales income lesstravel costs? Travel costs are shown in Table 2. To From Indianapolis Bloomington ChicagoIndianapolis — 5 2Bloomington 5 — 7Chicago 2 7 —
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
A sales representative lives in Bloomington and must be
in Indianapolis next Thursday. On each of the days Monday,
Tuesday, and Wednesday, he can sell his wares in Indianapolis,
Bloomington, or Chicago. From past experience, he believes
that he can earn $12 from spending a day in Indianapolis, $16
from spending a day in Bloomington, and $17 from spending
a day in Chicago. Where should he spend the first three daysand nights of the week to maximize his sales income less
travel costs? Travel costs are shown in Table 2.
To
From Indianapolis Bloomington Chicago
Indianapolis — 5 2
Bloomington 5 — 7
Chicago 2 7 —
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