Question: DEAR CHEGG SOLVER, ONLY USE THE EXCEL TEMPLATE PROVIDED. THERE ARE 1 0 TOTAL CONSTRAINTS. PLEASE ADD THE SOLVER SOLUTION SCREENSHOTS. ANSWER A - F
DEAR CHEGG SOLVER, ONLY USE THE EXCEL TEMPLATE PROVIDED. THERE ARE TOTAL CONSTRAINTS. PLEASE ADD THE SOLVER SOLUTION SCREENSHOTS. ANSWER AF AS WELL FOR A THUMBS UP THANK YOU.
Use the case study problem given on the next page or see page of textbook to answer the following questions:
a Formulate a linear programming model identify and define decision variables, objective function and
constraints that can be used to determine the advertising budget allocation for the Flamingo Grill in order
to maximize the total exposure rating. points
b Use Solver in Microsoft Excel to solve the model that you developed in part a Give the values of each
decision variable and the objective function. Also indicate the total number of new customers reached. You
MUST attach a copy of the solution report. points
c How would the total exposure change if an additional $ were added to the advertising budget?
Explain. points
d Comment on the ranges for the objective function coefficients. What do the ranges indicate about how
sensitive the recommended solution is to HJs exposure rating coefficients? Explain. points
e After reviewing HJs recommendation, the Flamingo's management team asked how the optimal solution
would change if the objective of the advertising campaign was to maximize the number of potential new
customers reached. Use Solver in Microsoft Excel to solve this new model that you developed in part e
Give the values of each decision variable and the objective function. Also indicate the total exposure
rating. You MUST attach a copy of the solution report. points
f Compare the optimal solutions from part b and part e Which objective function is a better indicator of
advertising effectiveness? Please comment points
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