Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Chapter 4, Problem 72P
a)
Summary Introduction
To determine: The way the company can maximize the profit.
Linear programming:
It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.
b)
Summary Introduction
To explain: The way the model can be changed when returns from sales due to advertising yields less returns.
Linear programming:
It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.
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1-18 Katherine D'Ann is planning to finance her college
education by selling programs at the football games for State
University. There is a fixed cost of $400 for printing these
programs, and the variable cost is $3. There is also a $1,000 fee
that is paid to the university for the right to sell these programs.
If Katherine was able to sell programs for $5 each, how many
would she have to sell in order to break even?
1-19 Katherine D'Ann, from Problem 1-18, has become
concerned that sales may fall, as the team is on a terrible losing
streak and attendance has fallen off. In fact, Katherine believes
that she will sell only 500 programs for the next game. If it was
possible to raise the selling price of the program and still sell
500, what would the price have to be for Katherine to break even
by selling 500?
A company makes three types of candy and packages them in three assortments. Assortment I contains 4 cherry, 4
lemon, and 12 lime candies, and sells for a profit of $4.00. Assortment Il contains 12 cherry, 4 lemon, and 4 lime
candies, and sells for a profit of $3.00. Assortment III contains 8 cherry, 8 lemon, and 8 lime candies, and sells for a
profit of $5.00. They can make 5,200 cherry, 4,000 lemon, and 6,000 lime candies weekly. How many boxes of each
type should the company produce each week in order to maximize its profit (assuming that all boxes produced can
be sold)? What is the maximum profit?
Select the correct choice below and fill in any answer boxes within your choice.
OA. The maximum profit is $ when boxes of assortment 1. boxes of assortment II and
assortment III are produced.
OB. There is no way for the company to maximize its profit
boxes of
Chapter 4 Solutions
Practical Management Science
Ch. 4.2 - Prob. 1PCh. 4.2 - Prob. 2PCh. 4.2 - Prob. 3PCh. 4.2 - Prob. 4PCh. 4.2 - Prob. 5PCh. 4.2 - Prob. 6PCh. 4.3 - Prob. 7PCh. 4.3 - Prob. 8PCh. 4.3 - Prob. 9PCh. 4.3 - Prob. 10P
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