Question: Chapter 3 , Problem 7 : ( Refer to question 2 0 at the end of Chapter 2 . Implement a spreadsheet model for this
Chapter Problem : Refer to question at the end of Chapter Implement a
spreadsheet model for this problem and solve it using Solver.
American Auto is evaluating their marketing plan for the sedans, SUVs, and trucks they
produce. A TV ad featuring this SUV has been developed. The company estimates each
showing of this commercial will cost $ and increase sales of SUVs by but reduce
sales of trucks by and have no effect of the sales of sedans. The company also has a print
ad campaign developed that it can run in various nationally distributed magazines at a cost
of $ per title. It is estimated that each magazine title the ad runs in will increase the
sales of sedans, SUVs, and trucks by and respectively. The company desires to
increase sales of sedans, SUVs, and trucks by at least and respectively, in the
least costly manner.
Submit your Excel spreadsheet.
In the optimal solution, the number of TV ads to run is
the number of magazine
ads to run is
The minimum cost is
In your Excel spreadsheet, the decision variables are in cells
the objective
function is entered in cell
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