Question: Before - class Activity Linear Programming Question 1 ) The Sea Wharf Restaurant would like to determine the best way to plan for its monthly
Beforeclass Activity
Linear Programming
Question The Sea Wharf Restaurant would like to determine the best way to plan for its monthly advertising policy and allocate a monthly advertising budget of $ between newspaper and radio advertising. Each newspaper advertisement costs $ and each radio advertisement costs $
Management decided that at least of the budget must be spent on each type of media, and the amount of money spent on local newspaper advertising must be at least twice the amount spent on radio advertising.
A marketing consultant developed an index that measures audience exposure per advertising on a scale from to with higher values implying greater audience exposure. Suppose the value of the index for local newspaper advertising is and the value of the index for spot radio advertising is
Let's formulate an LP model that can be used to determine how many newspaper and radio advertisements should be planned to maximize the value of total audience exposure.
Let # of newspaper advertisements in each month,
# of radio advertisements in each month.
b Write a linear constraint corresponding to the management's concern about spending at least of the budget on each media type.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
