Suppose that an academician wants to subscribe to some scientific journals. The various journals under consideration,...
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Suppose that an academician wants to subscribe to some scientific journals. The various journals under consideration, the subscription price in $ and the readership of the journals are given in the table below. Annual readership 7840 6175 8510 7375 7875 Journal 2 345 5 Annual subscription 80 95 115 125 105 The available budget of the academician for annual subscription to these journals is $450. Find the optimal set of journals that must be selected that has the maximum total readership. Suppose that an academician wants to subscribe to some scientific journals. The various journals under consideration, the subscription price in $ and the readership of the journals are given in the table below. Annual readership 7840 6175 8510 7375 7875 Journal 2 345 5 Annual subscription 80 95 115 125 105 The available budget of the academician for annual subscription to these journals is $450. Find the optimal set of journals that must be selected that has the maximum total readership.
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It looks like youre asking for help in determining the optimal set of journals to subscribe to with a budget of 450 to maximize the total readership To solve this we can evaluate different combinations of journals within the budget constraint Lets analyze the data from the given table 1 Journal 1 costs 80 and has 7840 readers 2 Journal 2 costs 95 and has 6175 readers 3 Journal 3 costs 115 and has 8510 readers 4 Journal 4 costs 125 and has 7375 readers 5 Journal 5 costs 105 and has 7875 readers Here are the steps we can take to find the optimal set of journals 1 Calculate the costeffectiveness of each journal subscription by dividing the number of readers by the cost 2 Prioritize journals with a higher costeffectiveness within the budget 3 Start combining journals by adding their costs until the budget of 450 is reached or nearly reached without going over 4 The combination ... View the full answer
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