Formulate this as a linear program. Find a good or optimal integer solution for part by rounding off or making an educated guess at the answer Solve this as an integer programming problem. You may use software.
Formulate this as a linear program. Find a good or optimal integer solution for part by rounding off or making an educated guess at the answer Solve this as an integer programming problem. You may use software.
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...
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- Elizabeth Bailey is the owner and general manager of Princess Brides, which provides a wedding planning service in southwestern Louisiana. She uses radio advertising to market her business. Two types of ads are available—those during prime-time hours and those at other times. Each prime-time ad costs $390 and reaches 8,200 people, while the off-peak ads each cost $240 and reach 5,100 people. Bailey has budgeted $1,800 per week for advertising. Based on comments from her customers, Bailey wants to have at least two prime-time ads and no more than six off-peak ads.
- Formulate this as a linear program.
- Find a good or optimal integer solution for part by rounding off or making an educated guess at the answer
- Solve this as an integer programming problem. You may use software.
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