Consider the Super Grain Corp. case study as presented in Section 3.1, including the spreadsheet in Figure
Question:
FIGURE 3.1
The spreadsheet model for the Super Grain problem (Section 3.1), including the objective cell Total Exposures (H13) and the other output cells Budget Spent (F8:F9), as well as the specifications needed to set up Solver. The changing cells Number of Ads (C13:E13) show the optimal solution obtained by Solver.
a. How much could the total expected number of exposures be increased for each additional $1,000 added to the advertising budget?
b. Your answer in part a would remain valid for how large of an increase in the advertising budget?
c. How much could the total expected number of exposures be increased for each additional $1,000 added to the planning budget?
d. Your answer in part c would remain valid for how large of an increase in the planning budget?
e. Would your answers in parts a and c definitely remain valid if both the advertising budget and planning budget were increased by $100,000 each?
f. If only $100,000 can be added to either the advertising budget or the planning budget, where should it be added to do the most good?
g. If $100,000 must be removed from either the advertising budget or the planning budget, from which budget should it be removed to do the least harm?
Step by Step Answer:
Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier