Question: Need help formulating the LP for this problem, thank you. Unit Cost from a national environmental protection organization indicating that they are going to donate


Need help formulating the LP for this problem, thank you.
Unit Cost from a national environmental protection organization indicating that they are going to donate $300,000/to Friends of the Manatees to help increase public awareness about the plight of the manatees and to encourage voters to urge their representatives in the state legislature to vote for this bill. Tom intends to use this money to purchase various types of advertising media to "get the message out" during the 4 weeks immediately preceding the vote. Tom is considering several different advertising alternatives: newspapers, TV, radio, billboards, and magazines. A marketing consultant provided Tom with the following data on the costs and effectiveness of the various types of media being considered. Advertising Medium Unit Impact Rating Half-page, Daily paper $800 55 Full-page, Daily paper $1,400 75 Half-page, Sunday paper $1,200 65 Full-page, Sunday paper $1,800 80 Daytime TV spot $2,500 85 100 $3,500 Evening TV spot 35 $750 Highway Billboards 15-second Radio spot $150 45 30-second Radio spot $300 55 Half-page, magazine $500 50 Full-page, magazine $900 60 According to the marketing consultant, the most effective type of advertising for this type of problem would be short TV ads during the evening prime-time hours. Thus, this type of advertising was given a "unit impact rating" of 100. The other types of advertising were then given unit impact ratings that reflect their expected effectiveness relative to an evening TV ad. For instance, a half-page magazine ad is expected to provide half the effectiveness of an evening TV ad and is therefore given an impact rating of 50. Tom wants to allocate the $300,000 to these different advertising alternatives in a way that will maximize the impact achieved. However, he realizes it is important to spread his message via several different advertising channels as not everyone listens to the radio and not everyone watches TV in the evenings. The two most widely read newspapers in the state of Florida are the Orlando Sentinel and the Miami Herald. During the 4 weeks prior to the vote, Tom wants to have half- page ads in the daily (Monday-Saturday) versions of each of these papers at least three times per week. He also wants to have one full-page ad in the daily version of each paper the week before the vote and he is willing to run more full-page ads if this would be helpful. He also wants to run full-page ads in the Sunday editions of each paper the Sunday before the vote. Tom never wants to run a full-page and half-page ad in a paper on the same day. So the maximum number of full-page ads and half-page ads that can be run in the daily papers should be 48 (i.e., 4 weeks X 6 days per week x 2 papers = 48). Similarly, the maximum number of full and half-page ads that can be run in the Sunday papers is 8. Tom wants to have at least one and no more than three daytime TV ads every day during the 4-week period. He also wants to have at least one ad on TV every night but no more than two per night. There are 10 billboard locations throughout the state that are available for use during the 4 weeks before the vote. Tom definitely wants to have at least 1 billboard in each of the cities of Orlando, Tampa, and Miami. Tom believes that the ability to show pictures of the cute, pudgy, lovable manatees in the print media offers a distinct advantage over radio ads. However, the radio ads are relatively inexpensive and may reach some people that the other ads will not reach. Thus, Tom wants to have at least two 15-second ads and at least two 30-second ads on the radio each day. However, he wants to limit the number of radio ads to five 15-second ads and five 30-second ads per day. There are three different weekly magazines in which Tom can run ads. Tom wants to run full-page ads in each of the magazines at some point during the 4-week period. However, he never wants to run full-page ads and half-page ads in the same magazine in a given week. Thus, the total number of full-page and half-page magazine ads selected should not exceed 12 (i.e., 4 weeks X 3 magazines X 1 ad per magazine per week = 12 ads). Although Tom has some ideas about the minimum and maximum number of ads to run in the various types of media, he's not sure how much money this will take. And if he can afford to meet all the minimums, he's really confused about the best way to spend the remaining funds. So again Tom asks himself, How am I going to spend this money?" 1. Create a spreadsheet model for this problem and solve it. What is the optimal solution? 2. Of the constraints Tom placed on this problem, which are "binding" or preventing the objective function from being improved further? 3. Suppose Tom was willing to increase the allowable number of evening TV ads. How much would this rove the solution? 4. Suppose Tom was willing to double the allowable number of radio ads aired each day. How much would this improve the solutionStep by Step Solution
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